by Susan Duclos, All News Pipeline:
When we see references to “global” issues such as inflation, food shortages, and energy costs just to name a few, and we are warned that we will see “people on the street” globally as society breaks down if inflation continues at its present rate, they are not just talking about “other” countries, but America is included in these dire warnings.
There will be “people on the street” globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund’s (IMF) chief Kristalina Georgieva warned on Wednesday.
“It is important to think that this compounded impact of multiple crises is already testing the patience and resilience of people. And if you don’t take action to support the most vulnerable, there would be consequences,” she told CNN’s Christiane Amanpour.
Central banks cut in unison in response to Covid. They are now hiking in unison. What can go wrong?
