Recession now looks like price to pay for beating inflation ...Qatar

Gulf Times - News
Recession now looks like price to pay for beating inflation
source : Gulf Times ( Qatar ) () 45
After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong towards recession in order to tame prices. The stark outlook is stoking fears that policy makers will end up overreaching as they push ahead with aggressive interest-rate hikes, just as some now concede they overstimulated through the pandemic recovery. Such fears were elevated on Friday after reports showed business activity unexpectedly contracting across the US and euro-area for the first time in more than two years.   For now, central banks across many advanced and emerging economies have little option but to keep on hiking in the face of inflation that has yet to peak.

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