WEF: Europe, US to face high inflation in 2023

Many economists of the World Economic Forum (WEF) believe that high or even very high inflation will affect Europe and the US this year, according to the report on the forecasts of the organisation’s chief economists for May 2023, RIA Novosti reports

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In particular, the document says, “Total rates have started to come down, but core inflation has been more stable than many expected. The dynamics are especially noticeable in Europe and the US, where the vast majority of chief economists (90 percent and 68 percent respectively) expect high or very high inflation this year.”

Moreover, it is reported that only 14 percent of World Economic Forum experts predict high inflation for China.