CLEAN : Don't let inflation 'genie' out of the bottle: IMF economist

The transcript discusses the economic implications of recent announcements by Russia, focusing on inflation dynamics and the role of central banks in maintaining price stability. It highlights the risks of high inflation and the importance of central banks acting proactively. The discussion also covers the impact of global demand and energy prices on inflation, with predictions for economic performance in Russia and Europe for 2022.

What is a major risk if central banks fail to manage inflation expectations effectively?

• A decrease in global trade

• A loss of credibility and control over inflation

• An increase in employment rates

• A rise in technological advancements

Why is it important for central banks to target an inflation rate close to 2%?

• To ensure rapid economic growth

• To promote technological innovation

• To maintain price stability and economic confidence

• To increase government revenue

How can a cooling global economy affect raw material prices?

• It can increase the demand for raw materials

• It can lead to higher prices for raw materials

• It can reduce the demand and lower prices for raw materials

• It has no impact on raw material prices

What is the predicted economic growth rate for Europe in 2022?

• 2.6%

• 3.5%

• 4.0%

• 1.8%

What is the revised economic forecast for Russia in 2022?

• -4%

• -6%

• -8.5%

• -10%