Will inflation in the world grow by 2023? - page 2.

Lida93

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Quote from: calonpa on May 22, 2023, 03:44:23 AM

Quote from: durop77 on May 22, 2023, 12:31:28 AM

Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

Inflation is increasing every year and this year also it will increase. You can take some steps to fight against it like investing in good stocks instead of keeping money in banks.

Investments in different streams is the tunnel escape to the continuous inflation bedeviling the world economies today. The inflation will keep on increasing with corresponding increase in prices of goods and services. Just this year my country has raised interest rate three times which currently we're in the second half of the year and I wonder what would be before the end of the year. Starching money in the banks is not a financial cure in this century and people needs to wake up to this awareness.

mm2543363580

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Inflation will increase drastically in 2023 in my country in last 5 6 months inflation has increased by 10 fold .
People are suffering because of this there is food shortages and natural calamities are happening every year so in short situation is getting worse.
Currency is losing its value which is an add on to price hikes .

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Quote from: Joshapat on June 02, 2023, 09:52:31 AM

Inflation is a problem that will often occur and may become commonplace, in my country inflation always occurs and according to the official government report in 2022 there will be around 6% inflation per year, and it is estimated that in 2023 there will be around 9% inflation, of course there are not many choices for us besides continuing to look for or increase income.

Try to explain what options many people can do in this inflationary condition besides looking for additional income? Because when the government already knows that this year there will be around 9% inflation, of course the government will also immediately make the best way to handle it so that this inflation will not be felt by the common people in their country. And in this case, have you also researched how the government is trying to handle this now?

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Inflation would literally grow day by day, since climate change also has been an issue which could affect the economy of one country. Like for example a country's farm has been affected by the sudden changes of the climate like there's no literally rainfall that could water the plants causes them to die. Which results to shortages or scarcity of resources as a solution the country have no other solution but to increase the market price just to provide the needs of the farm. Here in my country the worst part is despite of the sudden changes of the prices due to inflation, the salary of a person still remain to minimum wage which could still be seen nowadays how else in the future?

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- No one can give a correct answer to what you are saying. All I can say is that if the inflation rate continues to rise, many banks and other businesses will collapse. Even its Bitcoin value in the market can also give a bad effect to the market even to its whale investors.

And it will cause the economy to collapse as well as I know. Then inflation is also because that will not go away, the only thing that maybe the leader of each country needs to do is to control it properly and correctly so that it will not affect their communities or citizens.

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Quote from: Kadal Ijo on May 29, 2023, 09:08:41 PM

In my opinion, inflation will continue to occur because countries are currently interdependent, for example, country A depends on country B, and country B is experiencing inflation so that the commodities sold will automatically increase and of course country A will directly experience inflation, and according to analysts from experts the economy that in 2023 will experience inflation due to many factors.

In my opinion, what you are talking about is more like devaluation than inflation (although these phenomena often go hand in hand with each other). After all, if a currency of one country falls in value relative to another country's currency, then this is already a question concerning not only the economy of the first country and its internal situation and politics, but also the question of the interdependence of the economies of different countries. And inflation is a process that takes place within the borders of one state.

Joshapat

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Inflation is a problem that will often occur and may become commonplace, in my country inflation always occurs and according to the official government report in 2022 there will be around 6% inflation per year, and it is estimated that in 2023 there will be around 9% inflation, of course there are not many choices for us besides continuing to look for or increase income.

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Quote from: ringgo96 on May 31, 2023, 08:52:54 AM

Inflation that occurs is certainly caused by many factors and it all depends on government regulations, and the state of a country for example there is a natural disaster then all will affect the increase in inflation, and at this time there are indeed many problems that will cause inflation and we all must be prepared to face because the world economy is not good so inflation will be very easy to increase, And this year indeed the body's inflation is very high.

I think that's probably not the question, I mean obviously if there are situations where it's going to matter like that then we are going to end up with something a bit more troubling, but that doesn't change the fact that we are going to end up with those changes without knowing about it beforehand. Like if floods come in, and it ruins a whole big city down, it will be a ton of infrastructure destroyed, so having a lot of trouble would cause a lot of pain and inflation will rise. But you can't know that beforehand, it's a shock to everyone.

However, the main question I believe is that, will it happen without any of that, just because economy is in shambles. I think that's also a big deal and I think that might happen as well, I do believe it's a possibility for sure.

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Quote from: michellee on May 22, 2023, 11:05:28 AM

Inflation may increase in the future and we cannot predict it precisely. We can only prepare ourselves not to be affected by inflation by working as well as possible and being able to earn more money. We are fortunate to know crypto because crypto can be a long-term investment and can help us earn money to survive.

Inflation can affect the world economy and everything may turn out worse than now. We can listen to the opinions of economists who have issued many opinions about the possibility of inflation. But we also have to be able to find our own way to survive in these difficult conditions.

Maybe inflation has occurred in several countries and will lead to the next country. But if we can prepare to defend ourselves, we don't have to worry about anything.

Yes, it's great if we ourselves can already prepare for inflation and we won't be up to it. You need to invest in your accounts, have a crypt.

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Inflation that occurs is certainly caused by many factors and it all depends on government regulations, and the state of a country for example there is a natural disaster then all will affect the increase in inflation, and at this time there are indeed many problems that will cause inflation and we all must be prepared to face because the world economy is not good so inflation will be very easy to increase, And this year indeed the body's inflation is very high.

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Inflation will continue to occur as long as the country does not have a strong economic foundation, many countries only rely on investment from foreign countries so that they can increase economic growth rates, when investors feel that they are not getting any more profit then slowly the economy will have problems and inflation is common.

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Quote from: puloweh555 on May 27, 2023, 12:55:16 PM

Quote from: monineklutak on May 27, 2023, 01:28:32 AM

Yes, that's how it is because inflation is not caused by economic factors alone, but there are many things and it can be said that it is quite complex,
However, we are waiting for the government's policy to suppress inflation,
We'll see whether the inflation will increase or not.

Yes, that's right, Inflation is a complex phenomenon and difficult to completely stop. Inflation occurs when the prices of goods and services generally increase continuously over a certain period of time. Several factors such as economic growth, increased demand, increased production costs, and monetary policy can contribute to an increase in inflation.

Inflation is like blood sugar in the body needed to form energy. When the sugar is too high we will face diabetes. when it is too low we face hypoglycemia. So inflation is necessary but on a measurable scale, just like blood sugar in the body. if inflation is 0% (not yet negative or deflation) it means there is no demand growth. If there is no demand growth, it means there is no need to increase production capacity. continued with low demand for new workers, unemployment, especially in the new workforce, the bargaining value of workers against wages decreased, stagnant even wage cuts and decreased purchasing power. demand decreases and we enter deflation, which if allowed to worsen even to the point of a deflationary spiral, the effects are as devastating as hyperinflation.

an example of an economy destroyed by deflation was the US in the 1930s or known as the great depression, while Japan struggled with long deflation following the bursting of the asset bubble. This caused Japan's nominal GDP to fall by 20% from 1995 in 2007. Labor wages fell by 13% and the quality of life. Japanese society fell to the level of 1987 in 2010. This condition also made young Japanese people reluctant to marry and have children. result in Japan's parent-dominated demographic that would result in the collapse of the pension system.

The puzzle of inflation indeed twists and turns like a labyrinth, and keeping that sweet equilibrium feels like balancing a candle in the wind. We're all on the lookout for that "just right" inflation - not too hot, not too cold. The whole shebang - economic expansion, demand, production costs, and monetary policy - all these factors tango in a meticulous choreography that steers inflation. Picture it like a precisely conducted symphony of economics, with each component hitting its notes right on cue.

The blood sugar metaphor? Couldn't agree more! Harmonizing inflation is paramount to fend off hyperinflation or deflation, both of which can leave an economy as shaky as a house of cards. As for the government's action plan, it's like the suspense before the final act of your most-loved drama, right? We're all here with our snacks in hand, excited to witness the upcoming moves to harness the inflation dragon. History's lessons are clear as day - the grim years of the Great Depression, Japan's uphill battle post-bubble burst. Now's the time to pen a fresh narrative, and with some luck, it'll be a crescendo of success!

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Quote from: nimogsm on May 30, 2023, 01:26:02 PM

There are enough wars and various crises in the world now, so it’s not surprising that we should expect an increase in inflation, many economists predict exactly this, sanctions on various states and start this process, besides, we forgot about covid, it was he who launched this process around the world .And now we see its consequences.

Yeah I think I will support on that although their are millions of other factors that have lead to this outburst of world inflation currently and even to the further speculation by economist's that the rate of it will still increase but a certain portion of this inflation was due to the series of pandemic that has struck the world and if I can recall not only covid that gave the world this blow but also pandemics like EBOLA.

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Quote from: calonpa on May 22, 2023, 03:44:23 AM

Quote from: durop77 on May 22, 2023, 12:31:28 AM

Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

Inflation is increasing every year and this year also it will increase. You can take some steps to fight against it like investing in good stocks instead of keeping money in banks.

What stocks can I take? there is a rollback in some, but I'm afraid they will start falling again.

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Quote from: nimogsm on May 30, 2023, 01:26:02 PM

There are enough wars and various crises in the world now, so it’s not surprising that we should expect an increase in inflation, many economists predict exactly this, sanctions on various states and start this process, besides, we forgot about covid, it was he who launched this process around the world .And now we see its consequences.

Increase in the inflation rate continues as the need increases. The ongoing war, lack of management, oil and gas availability. More issues push the inflation high. The sufferers were the common people, whereas the elite and rich doesn't gets affected much. From COVID things went worse and till date we weren't able to make a recovery.

In the upcoming years we can expect small countries to show better growth against the grown economies of the world. Right now people have started to move cross border for few dollars and Euros profit. The retirees leading life with the retirement funds have got scheduled spending and now the amounts weren't sufficient. In all levels people are suffering out of the inflation and governments too weren't able to handle it.

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There are enough wars and various crises in the world now, so it’s not surprising that we should expect an increase in inflation, many economists predict exactly this, sanctions on various states and start this process, besides, we forgot about covid, it was he who launched this process around the world .And now we see its consequences.

umbara ardian

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Inflation is one of the main and most dominant stories for the world economy in 2022. And this year, too, inflation is still happening with monetary policy adjustments in major economies too, inflation is still happening with monetary policy adjustments in major economies. not stop until the target of inflation control is met. So when the policies of the countries have appropriate aspects, the expectations can be positive. While there is room for growth-oriented policies in the region, in many other parts of the world, high inflation is forcing central banks to tighten conditions. But there are still many uncertain variables in the world economic outlook this year. The challenge is still there; global economic dynamics are expected, but handling the impact of external challenges well is not easy.

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OP: lf I understand correctly, do you still read traditional newspapers?!

I think that first of all it is necessary to understand that inflation varies, so 15% inflation in any country can mean a catastrophe in others.

On the other hand, the inflation indices are there, look for them by country, you can find them even with different periods of time, but if you read the newspapers, then the information is at least 24 hours behind.

On the other hand, it is a matter of common sense plus intuition according to each country, then understanding how to protect weak Fiat money, the most common thing for people who do not take risk investments or protect in some type of hard asset, is to pay their TDC debts, buy or make improvements to their homes, etc. So, It depends on country as measuring inflationary growth rates for 2023 varies depending on the country of origin.

Litzki1990

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Various economic analysts fear that global inflation will emerge very soon. Inflation causes major changes in economic systems around the world.Various volatility occurs in the market. As the currency of the country where deflation occurs, the price of essential goods goes up and many banks become insolvent due to financial debt. As a result, many people leave their money in the bank and become destitute. If we are already predicting inflation then we should be cautious. We should prepare now by thinking about future inflation.

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Quote from: Kadal Ijo on May 29, 2023, 09:08:41 PM

In my opinion, inflation will continue to occur because countries are currently interdependent, for example, country A depends on country B, and country B is experiencing inflation so that the commodities sold will automatically increase and of course country A will directly experience inflation, and according to analysts from experts the economy that in 2023 will experience inflation due to many factors.

Inflation is still going on, and we can't expect it to end anytime soon. But it is clear that it is decreasing over time, not increasing like crazy like last year. I believe we will have inflation under control by 2024 and the economy will recover strongly by that time as well.
But what we need to be more concerned about is that inflation will return in the future, so instead of being happy when it passes. Instead, focus on accumulation and build yourself a solid economy to avoid panic when inflation returns.

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