Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Higher headline inflation in recent months reflects recovering oil and commodity costs and a surge in shipping costs, but should normalise as restraints are eased and one-off factors such as tax changes work through, the OECD said in its latest Economic Outlook report published Monday.
Playing down inflation concerns, the Paris-based organisation said despite higher input cost pressures in recent months, sizeable global spare capacity "should prevent a significant and sustained pick-up in underlying inflation."
Economies continue to recover from the pandemic, albeit in an uneven fashion with the OECD now forecasting global growth at almost 6% in 2021 after the 3.5% contraction seen in 2020, with many countries seen back at pre-pandemic levels by the end-2022. Helped by swift policy action, the recovery should miss some of the feared scarring, the OECD said.
Source: OECD
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.