More specifically, they failed to appreciate the serious negative effects that higher commodity prices – principally, energy prices – would have on the economy’s production capacity. The generalized price increases that were subsequently observed across the economy were at first dismissed as one-off effects that would soon pass out of the inflation numbers.
I think that this is also important in order that staff be able to strike a ‘balance between work and life.’ And if we want these efforts to bear the intended fruit, then smooth communication between high and low level staff members, between colleagues, and between departments is essential.