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 are the potential risks associated with high inflation expectations according to the text?

What is the significance of central banks targeting inflation levels close to 2%?

How does the speaker describe the relationship between global demand and oil prices?

What does the speaker suggest about the potential for disinflation in the context of energy prices?

What is the predicted economic situation for Russia in 2022 as mentioned in the text?