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Orr: Inflation Is No One’s Friend


Orr notes that “inflation is no one’s friend, to rid the country of inflation we need to reduce inflation, which will result in negative spending growth.”

  • Orr notes this will likely result in negative economic growth for a couple of quarters.
  • W& inflation expectations need to decline.
  • Spending remains strong, firms are facing a wall of demand they cannot meet, chasing labour and facing input cost pressures.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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