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There is a consensus among economists that Chilean inflation is mainly caused by endogenous factors, especially the aggressive expansionary policies during the COVID-19 pandemic and the massive withdrawals from pension funds. Economists have also predicted a possible recession by 2023 due to high interest rates to combat inflation. [200] [201]
Covid has had many effects on transport: reduction of traffic, increase of speed, increase of extreme speeding, increase in commercial shipping activity, increase dependence as a commercial vehicle society, increase working hours for truckers, and increase death rates per motor vehicle accident in the United States. [179]
During the early phase of COVID in April and May, there was a significant correlation between the extent of the outbreak and volatility in financial and stock markets. [141] The broader effects of this volatility impacted credit markets, and save for government interventions and central banks pursuing quantitative easing , would have led to ...
AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982, according to Bureau of Labor Statistics data published on Dec ...
William Hauk, University of South Carolina. For premium support please call: 800-290-4726 more ways to reach us
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. On ...
The CDC estimates that, between February 2020 and September 2021, only 1 in 1.3 COVID-19 deaths were attributed to COVID-19. [2] The true COVID-19 death toll in the United States would therefore be higher than official reports, as modeled by a paper published in The Lancet Regional Health – Americas. [3]
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...