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28-08-2022, 12:40 AM
https://finance.yahoo.com/news/world-ban...25051.html
World Bank’s Malpass Worries Stagflation to Persist on Weak Supply
(Bloomberg) -- World Bank President David Malpass says the global economy may be stuck in a stagflation quagmire for a while unless large economies can increase production dramatically.
“Stagflation is hard to get out of,” he said in an interview Friday with Bloomberg Television’s Surveillance in the lead up to Federal Reserve Chair Jerome Powell’s widely anticipated speech in Jackson Hole, Wyoming.
World Bank’s Malpass Worries Stagflation to Persist on Weak Supply
(Bloomberg) -- World Bank President David Malpass says the global economy may be stuck in a stagflation quagmire for a while unless large economies can increase production dramatically.
“Stagflation is hard to get out of,” he said in an interview Friday with Bloomberg Television’s Surveillance in the lead up to Federal Reserve Chair Jerome Powell’s widely anticipated speech in Jackson Hole, Wyoming.
