Inflation still a threat to global growth - L&G's Carrick

Global growth is booming but inflation is still posing a threat to the major markets of the world, ac...

Global growth is booming but inflation is still posing a threat to the major markets of the world, according to L&G’s investment strategist James Carrick. Despite a period of interest rate rises in China and the UK, Carrick is forecasting that inflation will remain above trend and warned central banks and economists that ignoring rising food prices is dangerous and interest rate cuts should be done with care and at a slow pace. “If the Fed were to successively stabilize financial markets, this runs the risk of generating a bigger inflation problem in the medium term. We think the probabi...