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Central bank rate hikes will push the global economy into recession

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More than half of the people living in Ireland today were not even born at the time of the great inflation of the 1980s. Now that prices are rising at a pace not seen since, they could potentially experience their third major economic shock in just 15 years after the crash and Covid if central banks hike interest rates.

After late arrivals to the party, the Federal Reserve, Bank of England and European Central Bank say they are now determined to prevent a lasting transition from a high-inflation environment historically characterized by ultra-low inflation decade at least.

https://www.independent.ie/business/world/central-banks-rate-rises-are-going-to-push-global-economy-into-recession-41819703.html Central bank rate hikes will push the global economy into recession

Fry Electronics Team

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