Navigating Inflation
Inflation, a curse of developed economies during the 1970s and 1980s, was an economic malady remembered largely by Central Bankers in recent decades as the world’s leading economies basked in a low interest rate environment. This convenient climate for investment shattered in the last eighteen months. Given the current prominence of inflation as a topic of concern t his blog post provides a snapshot of this rise in prices, action to reign back inflation and consequences for the banking sector, including JP Morgan. According to the World Bank's newest Global Economic Prospects report, global growth is slowing rapidly due to soaring inflation, higher interest rates, less investment and disruption from Russia's invasion of Ukraine. The report also stated that, per-capita income growth in emerging market and developing nations is expected to average 2.8% over the next two years, a full percentage point lower than the 2010-2019 average (Bank, 2023) . In developed economies, stron