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Inflation is the ‘rhino in the room’ for the world: Deutsche Bank – SABC News

Rising energy prices, labor shortages and supply chain disruptions exacerbated by sanctions on Russia have brought an inflationary wave that may be difficult to stop, said the chief investment officer of Deutsche Bank Wealth Management.

“Consumer price inflation in the U. has broken through the 7% threshold and the Eurozone has seen levels of 5%,” Global CIO Christian Nolting said in a research note.

“The rhino in the room has been released and can now become difficult to stop.”

“Sanctions, such as companies stopping their operations in Russia, are exacerbating supply chain problems,” he said.

“In addition, deficiencies in platinum, palladium or even neon hinder the manufacture of intermediates.”

Inflation is the ‘rhino in the room’ for the world: Deutsche Bank – SABC News

Source link Inflation is the ‘rhino in the room’ for the world: Deutsche Bank – SABC News

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