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The Israeli occupation targets Deir Keefa in South Lebanon with 2 surface-to-surface missiles
Philippe Lazzarini: The famine in Gaza is a direct result of banning food and other basic supplies for months including from UNRWA .
Philippe Lazzarini: The spread of famine can still be controlled by a ceasefire and allowing humanitarian organizations to do their work and reach starving people with aid.
The United Nations on the Israeli-induced famine in Gaza: The starvation of civilians for military objectives is a war crime.
UNRWA Commissioner-General Philippe Lazzarini: famine is now confirmed in Gaza city. This is starvation by design and manmade by the Government of Israel.
More than 30 people have been martyred in Gaza since Friday dawn in Israeli bombardment targeting refugee camps throughout the blockaded strip.
Al Mayadeen correspondent: The Israeli occupation forces are carrying out demolitions of residential buildings in Gaza's al-Tuffah neighborhood amid intensifying airstrikes.
Israeli media: A man is critically wounded from a shooting near Malachi Hashalom between Ramallah and Nablus, and ambulance crews are on their way to the scene.
Al Mayadeen correspondent: One person was martyred in an Israeli airstrike that targeted a motorcycle in southern Lebanon's Deir Saryan.
Al Mayadeen's correspondent to Southern Lebanon: An Israeli drone strike on a motorcycle in the town of Deir Saryan left one civilian injured

Economists warn global inflation will remain high for years: Bloomberg

  • By Al Mayadeen English
  • Source: Bloomberg
  • 14 Jan 2025 22:01
2 Min Read

Recent data from the United States and the eurozone have intensified concerns that consumer price growth may prove more persistent than anticipated.

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  • Economists warn global inflation will remain high for years: Bloomberg
    A seller attends to a man, next to a currency exchange shop at Eminonu commercial area, in Istanbul, Turkiye, on Thursday, December 26, 2024. (AP)

Economists predict that global inflation will remain elevated at least until 2028, Bloomberg reported on Tuesday, citing a new survey that could heighten market concerns about persistent price pressures.

The survey, conducted by the German Ifo Institute and the Institute for Swiss Economic Policy, forecasts an average inflation rate of 3.5% in three years, only slightly below the 3.9% projected for 2025.

The quarterly study, published on Tuesday, gathered insights from nearly 1,400 experts across 125 countries in early December.

"Inflation expectations remain above the inflation targets of many central banks," indicated Niklas Potrafke, director of the Ifo Center for Public Finance and Political Economy.

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"Major interest rate cuts are unlikely given these inflation expectations."

Recent data from the United States and the eurozone have intensified concerns that consumer price growth may prove more persistent than anticipated, prompting a global shift in expectations for interest-rate reductions, particularly for the Federal Reserve.

The survey highlighted that inflation expectations have risen notably in North America. For 2025, experts predict an average rate of 2.6%, up 0.2 percentage points from the previous survey conducted in the third quarter. Inflation is projected to reach 2.8% in 2026 and 2.9% in 2028.

In Western Europe, economists anticipate a 2% inflation rate by 2028, while forecasting 2.7% for Southern Europe and 2.5% for Northern Europe.

Read more: US corporate bankruptcies hit 14-year high amid inflation, weak demand

  • Bloomberg
  • inflation

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