Similarly, in our corporate survey, the “Bundesbank Online Panel Firms”, survey participants revised their five-year ahead inflation expectations upwards, from 3.4% in January 2022 to 4.5% in April. All this suggests that higher inflation rates will prevail in the near future and that inflation expectations could become less anchored. 3 Are higher inflation rates here to stay?
In this year of 2010, growth rates in Asia are expected to climb to 7.5%, and the forecast is that they will account for 40% of world economic growth this year. 4 Strengths and weaknesses of the Asian economy revealed by the crisis The backdrop to this swift recovery staged by the Asian economies lies in a number of strong attributes that they possess.