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Economists voice concern over rise in inflation

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The Times reports on concerns among investors that as countries emerge from the pandemic lockdowns economies will overheat and inflation will run rampant, causing central banks to turn off the taps and tighten monetary policy. George Lagarias, chief economist at Mazars, said: “We know that market performance is still driven by exceptional monetary stimulus. Accommodation will most probably remain elevated for the year, but 2021 will challenge the iron resolve of central bankers, as inflation figures are expected to materially climb. While we believe that this inflation will probably be transitory, a result of supply chain pressures, stimulus and mere year-on-year consumer price comparison (against the horrid second quarter of 2020), we need to remain vigilant in case it overshoots or overextends its welcome.”

 

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