At the Jackson Hole economic symposium last week, central bankers were under no illusion about inflation. Its threat persists, they said, and its outlook is complicated by structural shifts in the global economy. Normally, the latter argument is simple to dismiss because officials always complain that their period in office is marked by unusual uncertainty. In 2023, however, they have a point. There are five important shifts happening in the global economy right now.
在上週舉行的傑克森霍爾經濟研討會(Jackson Hole Economic Symposium)上,央行行長們對通膨不抱任何幻想。他們表示,通膨威脅依然存在,而且全球經濟正在發生的結構性變化使通膨前景變得更復雜。正常情況下,要駁斥後一個論點是相當簡單的,因爲官員們總是抱怨世界在他們任職期間充斥著不同尋常的不確定性。然而在2023年,官員們這麼說有點道理。全球經濟目前正在發生五個重要轉變。