Economic experts from around the world expect inflation to gradually decline, finds the latest Economic Experts Survey, which is conducted quarterly by the ifo Institute and the Swiss Economic Policy Institute. According to this, the inflation rate worldwide will reach 7.1 percent in the new year, then 5.8 percent next year, and only 4.5 percent in 2026. “Expectations at the beginning of the year are encouraging because, compared with the previous quarter, experts see somewhat lower inflation rates,” says ifo researcher Niklas Potrafke. “Nevertheless, inflation remains at a very high level.”
European economic experts view the economic policy situation on the continent as worse, finds the Economic Experts Survey (EES) – a global quarterly survey conducted by the ifo Institute and the Swiss Economic Policy Institute – which this time had 1,537 participants from 133 countries. “In Europe, the economic policy situation is rated worse than in the previous quarter,” says ifo researcher Niklas Potrafke. “According to experts, governments have failed, in particular, to adequately tackle the challenges of the future with their economic policy.”
Economists expect inflation rates worldwide to be high this year and next. For 2022, the expected rate is 9.5 percent, finds the latest Economic Experts Survey (EES) – a quarterly survey conducted by the ifo Institute and the Swiss Economic Policy Institute – which this time had 1,687 participants from over 100 countries. “Compared with the second quarter, inflation expectations for 2022 have once again risen significantly by 1.8 percentage points,” says ifo researcher Niklas Potrafke.