Further disregarding inflation will push the global economy to a major crisis, according to the latest report issued by Deutsche Bank economists who point the finger at the US money-printing policies.
Oil prices continued to grow on Friday, as the International Energy Agency (IEA) said that global crude demand would return to pre-Covid-19 pandemic levels by the end of next year.
Inflation took a fresh swipe at American consumers in May, with the consumer price index surging by 5 percent over the past year, the biggest annual spike in the measure since 2008.
The top Chinese legislature has passed a bill aimed at protecting China’s core interests, its businesses and officials, from foreign sanctions amid an onslaught of economic attacks from the US and its Western allies.
