“War-Shock Inflation” and Inflation Phobia: Lessons of History for Central Bankers

AI Briefing

• – Global economy faces 'stagflation', IMF calls it a 'textbook negative supply shock', central banks must act to contain inflation
• – 1970s saw last time stagflation occurred, IMF warns of 'prolonged period' of high inflation
• – Central banks must balance growth and inflation, risk of recession looms