Lagarde: Inflation Risks Are 'Tilted to the Upside'

The transcript discusses the economic outlook, highlighting potential stronger performance if household confidence increases and savings decrease. It notes that while pandemic-related uncertainties have lessened, geopolitical tensions and high energy costs pose risks. Supply bottlenecks and inflation risks are also considered, with inflation potentially rising if wage increases occur or the economy reaches full capacity sooner than expected.

What risks to the inflation outlook are highlighted in the text?

In what ways could inflation turn out to be higher than anticipated?