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Who causes inflation?, page-153

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moondoong

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02/09/24

12:11

Post #: 75486570
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Originally posted by Reaper11 ↑

The government came to power with interest rates rising from 0.1% and inflation about to hit 8%. That's a pretty good recipe for a significant economic shock. All we've had so far is a rise in unemployment from 3.5% where there were labour shortages, to 4.2% where the shortages have been addressed but most people who want a job can get one. Mortgage defaults remain near historical lows. The budget has been returned to surplus. The outcome to this point seems indicative of a crisis that's been handled well rather than one that's been handled poorly.

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I'm sorry? I thought this thread was about inflation not the merit or otherwise of this current government.

Also let's see what the deficit is next year and thereafter because their forecast is for deficits as far as they can predict.
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