10 Questions
Is high inflation the key challenge facing most central banks according to the text?
True
Has core inflation eased in year-ended terms according to the text?
True
Is conflict in the Middle East mentioned as a potential upside risk to inflation in the text?
True
Is the post-pandemic recovery in the services sector mentioned as less likely to continue to drive economic growth in the period ahead?
True
Is growth in Europe mentioned to have slowed more clearly in the text?
True
Higher fuel prices have driven up headline inflation rates in many economies in recent months, but progress in core inflation has been gradual, largely because strength in core services inflation has been ______
persistent
The conflict in the Middle East presents a potential upside risk to inflation if it were to disrupt ______ supply in the region
energy
Separately, the El Niño weather pattern may also push up food price ______
inflation
Economic activity has held up better than generally expected in a number of advanced economies, particularly in the ______
United States
The post-pandemic recovery in the services sector is now well advanced and so less likely to continue to drive economic growth in the ______ ahead
period
Study Notes
Inflation Challenges
- Higher fuel prices have driven up headline inflation rates in many economies in recent months.
- Progress in core inflation has been gradual, largely due to strength in core services inflation.
Risks to Inflation
- The conflict in the Middle East presents a potential upside risk to inflation if it were to disrupt oil supply in the region.
- The El Niño weather pattern may also push up food price inflation.
Economic Activity
- Economic activity has held up better than generally expected in a number of advanced economies, particularly in the services sector.
- The post-pandemic recovery in the services sector is now well advanced and so less likely to continue to drive economic growth in the period ahead.
Regional Economic Performance
- Growth in Europe has slowed more clearly.
This quiz explores the economic challenges posed by high inflation rates and the geopolitical impact of conflict in the Middle East on the international environment.
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