April Fool’s Inflation Medicine Threatens Progress

By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Aug 9 2022 (USNewsRank)
The world economy is on the brink of outright recession, according to the International Monetary Fund (IMF). The Ukraine war and sanctions have scuttled recovery from the COVID-19 pandemic.
Over 80 central banks have already raised interest rates so far this year. Except for the Bank of Japan governor,…