THE start of 2022 is an eerie echo of 2021....
With more monetary and fiscal stimulus than proved necessary, the result was excess demand and inflation. Getting through Omicron should be easier....
A nominal interest rate of 1% can still stimulate demand, especially with inflation likely to be well above the Fed’s 2% target by the end of the year. The problem for poorer countries is that tighter, but still stimulative, US policy might well spell trouble for them....
综合
星报-商业
2022-01-22 00:00:00.0
