US stimulus may cause inflation around the globe
chinadaily.com.cn |
Updated: 2021-08-16 06:30
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The steroid-driven US fiscal policy since the peak of the COVID-19 pandemic has caused a glut of US dollars in the financial markets, according to an opinion piece published by China Daily on May 17.
The problem is not just restricted to US domestic inflation. A significantly weakened dollar has also resulted in commodity prices rising sharply around the world, wrote John Gong, a professor at the University of International Business and Economics.
