In a similar vein, earlier this year, the Congressional Budget Office (CBO) predicted that inflation will not reach 2 percent until 2018 – more than 10 years after the beginning of the Great Recession. I agree with this forecast. This means that the FOMC is still a long way from meeting its targeted goal of price stability.
Curbs on the importation of gold in India impact on the earnings of Ghanaian and South African gold miners. And so, while globalisation and its tools – supply chains, technology and finance – has made a major positive contribution to development, these same tools have also made the world more complex, risky and dangerous, especially for the poor.