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Even before war broke out in the Middle East, it was easy enough to make analogies to the 1970s. Inflation was running at a multi-decade high, geopolitics had been disrupted by a regional war in Eastern Europe and domestic politics in many developed economies had become startlingly polarised an. ....
Many people expect high inflation to persist for a long time. But that might not be true, says Max King. Inflation may fall faster than expected – and the UK may avoid recession. Here’s why. ....
With debt rising and prices spiralling up, households are going to find it harder to fork out for the necessities, let alone any luxuries, and politicians are worried ....