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Global Inflationary Pressures: No End in Sight
Posted on June 20, 2008
Inflationary pressures, coming at a time when there are palpable signs of economic slowdown, have been spooking the global governments, policymakers, financial authorities and marketmen alike.Worldwide, prices of commodities like crude oil, wheat and rice have skyrocketed in the last year or so. Policymakers have been finding themselves especially helpless in the present situation due to the global nature of the current inflation. Central bankers are also in a fix as, given the slowdown in economic activity, they won't be able to fight the inflation the way Volcker did by aggresively rasing ...
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