Governments Will Make You Poorer AgainCommentary
The International Monetary Fund has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022.
Why would that be? Most strategists and commentators are cheering the recent decline in inflation as a good signal of recovery. However, there’s much more to the outlook than just a moderate decline in inflation rates.
Inflation is accumulative, and the estimates for 2023 and 2024 still show a very elevated level of core and headline inflation in most economies. The longer it remains this way, the worse the economic outcome. Citizens have been living on savings and borrowing to maintain current levels of real spending. But this can’t last for many years....
Source: Governments Will Make You Poorer Again (https://www.theepochtimes.com/governments-will-make-you-poorer-again_4971342.html)
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