Author: Nicole Busuttil

Economies are bouncing back faster than predicted from the pandemic-induced crisis. Gross domestic product growth forecasts for 2021 have been revised during June: The Fed raised this to 7.4 per cent compared to February’s 3.7 per cent; the European Central Bank revised this to 4.6 per cent from March’s 4.0 per cent; and the Bank of England raised this to 7.25 per cent from February’s 5.0 per cent. The rebound, though, brought about less welcoming news. The sudden unexpected growth has led to an unforeseen spurt in inflation. It was expected that since prices during the severely impacted months declined…

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