Despite global economic recovery, many Anglophone countries still struggle with lingering symptoms of inflation. The rate of price increases has fallen sharply since its peak in 2022, but some rich countries are experiencing ongoing issues.
Inflation rates across the OECD dropped to nearly 11% in 2022, but now stand at around 2.5%. However, many Anglophone countries, such as those in the US and UK, continue to experience high inflation levels.
The problem is attributed to the actions of growth-loving authoritarian leaders in Asia, East Africa, and the Gulf. These countries face an unpleasant choice: either implement strict controls on price increases or risk economic instability.
Additionally, the global economy has seen a shift towards more protectionist policies, with some countries imposing tariffs to gain competitive advantage. This trend is evident in the rising “China plus one” locations where US companies are expanding their operations.
Furthermore, the US government’s plans to sell Fannie and Freddie, two key mortgage lenders, have raised significant questions about how they will be managed. The duo’s $7 trillion assets require careful consideration to ensure stability in the financial sector.
Overall, while global economic indicators suggest a recovery, many countries still grapple with inflation issues, highlighting the need for sustained efforts to address these challenges.
Source: https://www.economist.com/finance-and-economics/2025/08/17/why-america-cant-shake-off-inflation