/ world today news/ For the 6th time this year, the US Federal Reserve has announced an interest rate increase, this time by 75 basis points. This caused widespread concern around the world. A CGTN survey of 100 economists from around the world found that a continued rise in interest rates in the United States would lead to a global recession. Nearly 90% of the economists surveyed believe that the US measures will lead to stagflation worldwide and a sharp increase in debt risks in developing economies.
Over the past year, the Federal Reserve has blamed inflation for frequent interest rate hikes. According to them, inflation is only “temporary”, but at the same time only 10% of economists agree with this opinion. 57% of the economists surveyed believe that the main cause of inflation is frequent quantitative easing in monetary policy and excessive issuance of banknotes, and 50% believe that Washington-initiated trade friction with China caused the sharp rise in inflation in the US, which will hamper the US economy for the next two years.
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