Recently I’ve come across a few articles discussing the effects of inflation on the global economy. Many countries are facing rapidly rising prices: Canada, Philippines, Thailand, China, India, Turkey, Israel, South Africa, Russia, Holland, Iceland, Argentina, Venezuela, the United States, and many more.
“Double-digit price rises are about to afflict two-thirds of the world's population … So it is worrying that global monetary policy is now at its loosest since the 1970s: the average world real interest rate is negative…”
