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Why central banks face an epic battle against inflation amid political obstacles

  • Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
Why central banks face an epic battle against inflation amid political obstaclesThis could get ugly. Shutterstock/Nataletado

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

Significant rises in the...

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