Long-term (5 to 10 years ahead)  2.5  Medium-term (3 to 4 years ahead)  2.0  1.5  1.0  0.5  0.0 CY 90  92  94  96  98  00  02  04  06  08  10  12  14  16  18  20 21  Note: Figures are simple averages of the estimated inflation expectations for their respective horizons.
Complex geopolitical issues and terrorism pose threats to global peace and development. The economic structural problems of the major developed countries are having a potentially negative impact on global economic development, exchange rates, and even financial market stability.