2min chapter

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The Global War on Inflation Is Far From Over

Trumponomics

CHAPTER

China's Reopening Could Change Global Inflation

China reopening could significantly change the outlook for global commodity prices. China's COVID-0 policies probably contributed to lessening global inflation in the year just passed. Our best estimate is that China is going to accelerate from around 3% growth in 2022 to above 5% growth in 2023. That's going to add close to a percentage point to global inflation.

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