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Podcast: businessline's State of the Economy Podcast
Episode: Theme: Global Economy| Threat posed by high global inflation, lessons from history
Description: In this episode of State of the Economy Podcast, Prasenjit K Basu, Chief Economist at ICICI Securities, talks to Lokeshwarri SK on the issue of soaring global inflation rates. While the world grappled with high inflation in 2022, particularly with the U.S. CPI reaching 9% and crossing the 10% mark in the EU and UK, Basu points out that such levels of inflation were unheard of in the developed world for the past three decades. Basu identifies the primary culprit as monetary factors, particularly rapid money supply growth in the United States, which surged in the aftermath of the C...