Global inflation surges post-pandemic, prompting potential monetary policy adjustments.
The article looks at how inflation changed during the pandemic and what might happen next. They studied past global recessions and used a special model to predict future inflation. They found that global inflation dropped a bit in 2020 due to less demand and lower oil prices, but then quickly rose again because of higher demand. They predict that inflation will go up by about 1% in 2021, which should be okay for most countries. If inflation keeps going up too much, some countries might need to make changes to their monetary policies.