Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One martyr and two injured in the Israeli airstrike that targeted a motorcycle in the town of Mahrouna
Al Mayadeen correspondent to Southern Lebanon: An Israeli drone strike targeted a vehicle between the towns of Jwayya and Mahrouna.
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66

WEF economists expect high inflation in US, Europe

  • By Al Mayadeen English
  • Source: Agencies
  • 2 May 2023 16:42
  • 3 Shares
3 Min Read

Economists anticipate runaway prices to continue to hurt Europe and the United States throughout 2023.

  • x

 

  • WEF economists expect high inflation in US, Europe
    A woman shops at a local market in Nice, France on June 7, 2022. (Reuters)

Despite declines in headline rates of inflation in the first few months of the year, the majority of chief economists at the World Economic Forum (WEF) anticipate runaway prices to continue to hurt Europe and the United States throughout 2023, according to a WEF report released on Tuesday. 

According to the report, "Headline rates have begun to ease, but core inflation is stickier than anticipated and shows signs of picking up. The pressure on many households remains acute, and more than three-quarters of respondents expect the cost of living to stay at crisis levels in numerous countries throughout 2023."

Read more: High energy prices taking a toll on competition in Denmark

The 29-page May 2023 Chief Economists Outlook details that 68% of economists in the US and 90% in Europe expect substantial inflation. In Europe, another 75% foresee sluggish economic growth, but in the US, opinions are divided due to the increased uncertainty around financial stability and the speed and degree of monetary tightening. 

Related News

IRGC slams Trump's 'nonsense' statements following war on Iran

Iran advanced nucl. state; program undestroyable militarily: Grossi

Nearly all chief economists predict that China will experience a significant recovery this year, and the country's reopening is anticipated to increase activity throughout the continent, while only 14% of experts predicted high inflation in China this year.

Sweden anticipates GDP contractions despite decreasing inflation rate

With a  deeper-than-anticipated GDP drop in 2023, the Swedish government has revised its economic forecast, which continues to gradually get worse.

Sweden's inflation is still significantly higher than the government's expectations, despite some reprieve. The problem is made worse by stagnant earnings, reduced spending, and a decline in the property market, long seen as the foundation of the nation's economy.

Elisabeth Svantesson, the Swedish Finance Minster, announced that the GDP forecast has been downgraded from 0.7% to 1% due to a "challenging economic environment."

Svantesson explained that "many people are struggling to make ends meet, so it is important for the Government to fight inflation and support those in the most difficult circumstances," and recognized that the nation is faced with "major challenges."

While Sweden's headline inflation rate had dropped from decades-high levels, the country still experienced inflation that is considered significantly higher than the central bank's objective rate of 2%.

  • Europe
  • United States
  • US economy
  • inflation
  • World Economic Forum

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS