UN warns US economic outlook will worsen in second half of 2022
UN, 25 January – RIA Novosti. According to the UN’s report on the economic situation in the world and its expectations for this year, the short-term economic outlook in the USA began to deteriorate rapidly in the second half of 2022.
Consumer price inflation rose sharply from 1.4% in December 2020 to 9.1% in June 2022, with average monthly price inflation of 4.7% in 2021.
“For most of 2021, policy makers saw inflationary pressures as temporary and expected them to disappear once the economy reopened. However, inflation continued to rise in 2022,” the document said.
Source: Ria
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