One underestimated factor that could help to ease global energy-driven inflation figures is the disappointing economic outlook for China
Disappointing economic growth in China could help to lower energy-driven inflation on a global scale.
Debt levels in China’s large real estate sector remain unsustainably high, and there are concerns that contagion might spread beyond the property sector.The key driver of the rising inflation causing economic mayhem across the developed world remains historically elevated oil and gas prices that have been in play since the prospect of Russia’s invasion of Ukraine first came into view, which was in, when the oil price was around US$65 per barrel of Brent.
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