Will inflation in the world grow by 2023? - page 7.

huu78

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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?

When it comes to inflation forecasts and economic stability, it is indeed valuable to consider the opinions of economic experts who specialize in analyzing and predicting such trends. These experts often utilize various economic indicators, data analysis, and models to provide insights into potential future developments. However, it's important to remember that economic forecasts are subject to uncertainty and can be influenced by numerous factors.

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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?

Many different factors affect inflation. Currently, inflation is increasing in many countries, but the pace of this increase has decreased. It is difficult to predict whether the increase in inflation will continue or move backwards. That's why many people should base their predictions on concrete foundations. If these tangible values are really believable, I can value their estimates accordingly.

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Quote from: Fiatless on May 22, 2023, 09:04:56 AM

Quote from: Coyster on May 22, 2023, 04:01:35 AM

If the factors that cause inflation still exists, then inflation levels would no doubt rise. But mind you that this is somewhat a global issue and is not peculiar to a particular country's economy or currency. When the Corona virus was at its peak, the measures taken by governments around the world to curb it was definitely going to result in inflation, and that's what's happening now, coupled with other world issues like physical and economic wars, as well as sanctions.

The Covid-19 pandemic distorted the global production and distribution chain leading to an increase in the cost of raw materials and finished products. The world was about recovering from the pandemic before Russia invaded Ukraine. This led to high costs of crude, gas, and power. .

Yes even Covid started 3 years ago, the damage of it to the economy of an country is still could be seen and feel currently today as prices of the products increased and the salary of an average person remain the same. Some country might recover but it took a long process since even the starting of new normal there's still a few restrictions for people to go outside. Yes war also one of the major influence to countries economy as it's affect the supply and demand of products. The import and export to one country might have a huge impact especially people prefer imported products.

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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?

Economic experts have in-depth knowledge and experience in economics, their predictions are worth our reference but do not mean that what they predict will definitely happen. Predicting the future is something that almost no one can do, no one has a crystal ball to do it with. From what is happening, it is clear that inflation is showing signs of cooling down, and if the world does not have more negative news, it will certainly continue to decrease. But if we have a few more bad events like pandemics or wars, surely inflation will rise again. In short, a prediction is still just a prediction, there is no guarantee it will happen for sure and no one knows for sure the future.

Another point worth noting is that many people think that the Fed will stop raising interest rates, and if that happens, it will mean that inflation this year will decrease, not continue to increase.

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Quote from: Coyster on May 22, 2023, 04:01:35 AM

If the factors that cause inflation still exists, then inflation levels would no doubt rise. But mind you that this is somewhat a global issue and is not peculiar to a particular country's economy or currency. When the Corona virus was at its peak, the measures taken by governments around the world to curb it was definitely going to result in inflation, and that's what's happening now, coupled with other world issues like physical and economic wars, as well as sanctions.

The Covid-19 pandemic distorted the global production and distribution chain leading to an increase in the cost of raw materials and finished products. The world was about recovering from the pandemic before Russia invaded Ukraine. This led to high costs of crude, gas, and power. Many firms couldn't cope with these unfavorable economic conditions leading to a high rate of unemployment. The sanctions and counter-sanctions between NATO and Russia caused inflation. Russia and its allies are economically relevant to the world because most nations depend on Russia for some goods and services. Except NATO get a capable nation that can replace Russia in the global economic market inflation will remain. But the surest pathway to reduce world inflation is to end the war in Ukraine and review sanctions.

huu78

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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 a complex economic phenomenon influenced by a multitude of factors, such as monetary policy, fiscal policy, supply and demand dynamics, global economic conditions, and geopolitical events. While forecasts from economic experts can provide valuable insights, it's important to note that predictions are not infallible and future outcomes can deviate from expectations.

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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?

Always depends on the economic status of the world. If there's crisis will happen or even war for sure inflation will rise up, if you are worried about this scenario because.you have money in the bank better find some ways to generate more income for using it since you lost the purchasing power if you insist to hide it on banks. We can also feel the inflation by seeing the price of basic products and services rise so we really need to do something so that we will not get affected by heavy inflation that might come in future.

demonica

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I personally can feel the increase in the prices so it's not even surprising if we will be seeing an increase in inflation for this year. I also have no doubts with the economic experts since they wouldn't be called an expert if they are not knowledgeable in that field. In addition to that, it's a forecast so they're just expecting based on their studies but doesn't mean it will completely happen.

Quote from: mm2543363580 on May 22, 2023, 05:27:38 AM

Unfortunately yes inflation is going to increase more in 2023 because of economic instability and I am specially talking about third world countries and developing countries their currency is not stable and that is the main cause of inflation plus the debt burdens on those economies are crushing the poor and middle class people.

Their currency and economy being not stable is already a factor that adds to their inflation rate. I'm just also going to add that when a developed country is also struggling and experiencing increase in inflation, expect that it will affect those third world countries since they are also depending a lot on the first world countries.

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The first point, if this continues of course, This could trigger general public concern about rising prices of goods and market instability. Everyone can predict but in this case it is deemed necessary to monitor economic indicators such as interest rates, global events, geopolitical tensions and natural disasters that can also affect inflation.

Now, regarding the views of economists and international organizations, I think it can also help in understanding the situation that continues to evolve more or less, but we as a society, who are the main object of this impact, remain alert to economic changes.

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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?

How ironic that you are doubting economic experts' research and finding its validity in a forum discussion.
Even when there is no official statement of banks of any country according to you. It is evident that inflation is real and it is continuously growing. Prices are going higher, be it food, materials, products, or services. It is also in many forms like shrinkflation where product packaging is getting smaller. What more, the only sword and armor you can have against inflation is price appreciating assets. Have an investment. Bitcoin can be one of those. But requires lot of risk. It could also be stocks, metals, or real state.

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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?

However, inflation will still occur and has become a pattern when the government is still printing money, especially in the US, which is now just waiting for an official announcement. So we only need to prepare for all possibilities, and various anticipations in order to survive amid the onslaught of inflation that will occur. Whether relying on the opinions of economists or not, it is clear that there must be certain benchmarks so that vigilance is maintained. Each country has its own inflation percentage but it is possible that the increase in value will be quite high compared to the previous year.

mm2543363580

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Unfortunately yes inflation is going to increase more in 2023 because of economic instability and I am specially talking about third world countries and developing countries their currency is not stable and that is the main cause of inflation plus the debt burdens on those economies are crushing the poor and middle class people.

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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?

The global inflation in 2023 is definitely going to be lower than the 2022 inflation(unless World War III begins). I cannot predict exact percentages. Do you really want someone to try and predict the future of the global economy for you? Not going to happen. Grin

Some countries are going to have lower inflation than others, but the overall situation is going to be better(until the recession kicks in).
The markets are unstable by nature. Low price volatility doesn't mean stability. I don't rely on the opinions of economic experts, because I have a degree in macroeconomics and I'm not that dumb. Grin

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

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.

inflation does not increase every year. Prices go up every year if there is no deflation (and usually there isn't) and inflation fluctuates up and down.

And what whill happend in 2023 and beyond? in my opinion, the scenario of 1940 and 1970 (previous periods of great inflation) will repeat itself. What happened then? After the initial inflation spike and decline, there were 2 more waves. it all took about 10 years before we got back to normal.

Something like this:

So 2-3 months of inflation going down before turnover.

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If the factors that cause inflation still exists, then inflation levels would no doubt rise. But mind you that this is somewhat a global issue and is not peculiar to a particular country's economy or currency. When the Corona virus was at its peak, the measures taken by governments around the world to curb it was definitely going to result in inflation, and that's what's happening now, coupled with other world issues like physical and economic wars, as well as sanctions.

Having said that, we're not really in a crisis as people tend to say, that is a misconception, the dollar isn't going extinct as many people want to believe, and most governments of the world are working continuously to stabilize the economic situation.

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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.

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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 creating a major problem everywhere in the world and it affected local and global markets heavily. The whole world is going through a bad time today due to inflation and it is slowly taking a dire shape. A few days ago, the alliance of oil producing countries OPEC Plus said that they will reduce their production. As soon as this news flushes, the market begins to have a major impact. They decided to reduce oil production by 1.6 million barrels per day and on the basis of their decision the current situation is starting to get worse. They said that this situation will continue till the end of this year.

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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?

We cannot avoid inflation that will occur in the next few months. This is due to unstable global geo-political problems, weather problems, and many other problems which cause inflation to occur. Even the most real threat is that the US will default if the government does not find a meeting point with parliament. It will threaten the American economy and there will be many people who are threatened with being fired and it will disrupt the stability of the US economy. This default problem can be considered quite massive for the US and could have an impact on the world, even though it is not too significant, it can cause inflation for other countries. But you don't need to worry too much about the problem of inflation, as long as you are sure that you have enough money to survive, you should be safe.

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

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?

Economic experts are not perfect, they are only speculative based on their experience and the available data at their disposal, so their speculation might be right or wrong. However, it should be noted that inflation is a global issue now and might have subsided months ago. But the recent inflation figures are now causing panic again as the curve is now shifting higher globally.

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The US which is most referenced in this regard since its currency is vital to the world, is facing increased inflation and it was not a good figure last month. Experts believe that it will be rising till 2025 as you can see in the graph above, so we should get ready for it. While below image shows the last CPI figure of the US. The previous value was 0.1% and the last value was 0.1%, which speaks that inflation is still bitting.

And for your reference, inflation doesn't necessarily have to grow with the rates as I've experienced, other factors are contributing as well. It's the USD that has the blessing of inflation as the currency is a Safe-haven asset.

nesty

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There is no definite answer to this question as inflation rates can be affected by a variety of factors, including changes in government policies, global economic conditions, and natural disasters. However, many economist predict that inflation may increase in the coming years due to factors such as rising commodity prices and increased government spending. Inflation can be caused by increase in demand for goods and services exceeds the supply prices tends to rise. Increase in production costs, increase in money supply, decrease in supply of goods and services prices tend to rise due to scarcity. Natural disasters can impact also Inflation rate.

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