{"id":47664,"date":"2023-04-01T01:22:43","date_gmt":"2023-04-01T06:22:43","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=47664"},"modified":"2023-04-26T18:44:07","modified_gmt":"2023-04-26T23:44:07","slug":"navigating-high-inflation","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/navigating-high-inflation\/","title":{"rendered":"Navigating High Inflation"},"content":{"rendered":"

You don\u2019t need to be a committed follower of economic developments, to see where inflation is at right now.\u00a0<\/span><\/p>\n

Wherever you\u2019re based, your weekly shop has most likely risen, and your salary isn\u2019t stretching as far as it once did.\u00a0<\/span><\/p>\n

Although global inflation is expected to fall this year from 8.8 percent to 6.6 percent, according to <\/span>the IMF<\/span><\/a>, the challenges it poses will remain a significant obstacle over the coming years.\u00a0<\/span><\/p>\n

In this piece, we\u2019ll take a closer look at the current economic environment and, by profiling our dedicated <\/span>Inflation Opportunities webinar<\/span><\/a>, explore how you can best navigate this scenario and seize the opportunities that it presents.\u00a0\u00a0<\/span><\/p>\n

How Have We Got Here?<\/b><\/p>\n

Let\u2019s begin by looking at some of the drivers of this record-breaking inflation.\u00a0<\/span><\/p>\n

The Covid-19 pandemic is of course at the centre of the current economic environment we find ourselves in.\u00a0<\/span><\/p>\n

On a very basic level, global governments were forced to invest more money at the same time as their economies reached near stand-still, with many forced to take on huge loans, lower interest rates and print more currency. The knock-on effect of this was that the value of each individual unit of currency was significantly reduced.\u00a0<\/span><\/p>\n

Add to this the lack of economic growth and we have a situation where demand for goods and services far outweighs the available supply \u2013 driving up prices even further.\u00a0<\/span><\/p>\n

In addition to this seismic event, the Russian invasion of Ukraine has triggered a global energy crisis \u2013 stalling optimists\u2019 hope of a post-covid economic bounce.\u00a0<\/span><\/p>\n

This has only led to further supply issues and price rises \u2013 as well as widespread political and economic instability.\u00a0<\/span><\/p>\n

These events, as well as the wider knock-on effects they present (protectionist policies, higher import taxes, exchange rates, wage demands etc.) lead us to a situation where, for the past four years or so, inflation is as dangerous as ever.\u00a0<\/span><\/p>\n

Four Key Drivers of Inflation:\u00a0<\/span><\/i><\/p>\n