By The Pinnacle View Team The world economy has navigated turbulent waters in recent years, with challenges including a global pandemic, post-pandemic economic woes, geopolitical tensions, trade fragmentation, and rising financial stress. Major powers have responded by engaging in substantial over-issuance of currency, experts told NTD’s “Pinnacle View” program last week. However, the central bank […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.