Posted on 05/09/2022 5:59:55 PM PDT by RomanSoldier19
HAH ALAM - An economic expert has warned some countries may face hyperinflation or out-of-control inflation where price of goods and services rise at an annual rate of 1,000 percent or more and urged for more discussions and negotaions are needed over the issue.
Universiti Malaya Asia-Europe Institute Economic Professor Datuk Prof Dr Rajah Rasiah said this could lead to economic depression unless world leaders address the issues.
“What we are facing now, in some countries, is that inflation is already here.
“The stagnation would lead to rising unemployment and hyperinflation,” he said during Wacana English Edition on May 9.
The live show entitled ‘Europe Day Dialogue: Global Challenges in a Multipolar World’ was held in conjunction with Europe Day at Kumpulan Karangkraf headquarters in Shah Alam.
A total of 16 ambassadors and representations from the European Union states were present.
Countries worldwide have been suffering due to two-year Covid lockdowns, the Ukraine war and the rise in commodity prices.
Rajah said even though there are some ongoing negotiations among leaders but more needs to be done to combat inflation.
"In many countries, this is imminent and unless we address this, then we are going to fall into depression.
"Morally I don’t think this is right because the suffering will involve everyone worldwide," he said.
It has been reported that annual inflation in the Eurozone has surged to 7.5%, up from 5.9% in February and higher than most analysts had predicted.
(Excerpt) Read more at msn.com ...
How about they worry about them and we worry about us?
These fake world leaders want the Reset
Winner winner chicken dinner. The premise of the story is wrong. It’s written like these leaders don’t want what’s coming. There is no other way to explain what they are doing. They have to be willfully doing this to us.
.
socialism and communism kill everything they touch eventually.
But like smoking, it just takes so long to see the consequences, that many can’t connect the dots.
Or we can reelect Trump, and watch everybody else burn, but if we do that, the democrats and globalists will just release another virus like they did last time
Always the case, isn't it?
Eat the politicians.
““The stagnation would lead to rising unemployment and hyperinflation,” he said during Wacana English Edition on May 9.”
The guy saying this is supposed to be an economist?
Countries will only experience hyperinflation if they massively increase their money supply.
Stagnation and unemployment cause problems but hyperinflation isn’t one of them.
INFLATIONARY DEPRESSION.
What are the “leaders” supposed to negotiate? Our terms of slavery?
I sure miss President Trump.
Some countries might have Hyperinflation? Like Venezuela?
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