Is inflation back under control? ...Middle East

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Massive stimulus measures implemented by governments to support their economies during the pandemic and following supply chain disruptions have led to increased money supply and rising inflation.Over the past two years, central banks have addressed this problem by tightening monetary policy, mainly through interest rate hikes aimed at cooling demand and bringing prices back under control.Many were concerned that this approach could trigger a global debt crisis or, at the very least, push countries into recession. However, it appears that we can avoid the worst-case scenario.In the United States, GDP growth in the second quarter was 3% year over year, driven by strong consumer spending and bu

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