Here comes stagflation – why Orr has no choice but a 100 point rise despite slowing US inflation

It said it would be the first time in more than 80 years that there had been two global recessions within a decade. It has released its latest Global Economic Prospects report, which says the global economy will grow by 1.7% this year and 2.7% next. The problem is that Covid shut down those supply chains forcing Corporations to move to Just-In-Case Supply chains which import inflation. While inflation is slowing in the US, thanks to decreasing petrol prices, the core inflation for food is still going up. Inflation has been slowed, it certainly hasn’t been tamed but it has been slowed by oil levers that are not without intense vulnerability.