Interview
15 November 2022
Trade Finance TV: Trade and inflation
Resurgent inflation appears firmly bedded in for now and rising energy and food prices have impacted the cost of living in both developed and emerging economies. What is this doing to trade? How are governments responding?
“The start of the story is a huge influx of fiscal stimulus at the same time you had maximum monetary policy,” comments Deutsche Bank Research’s Brett Ryan. He then fast-forwards to the current tight labour market where the gap between job openings and hires in the US has widened to more than one million.
Independent trade economist Dr Rebecca Harding adds that this scenario, coupled with government spending and very high energy price inflation triggered by the onset of the Russia/Ukraine conflict, has had a huge effect on trade – global values rose 51% between February and March 2022.
Where are these trends leading us? Join our economics experts here in the studio today to find out.
Participants
- Dr Rebecca Harding, Independent Economist and CEO of Coriolis Technologies
- Brett Ryan, Senior Economist, United States, Deutsche Bank Research
Co-presenters
- Katharine Morton, Head of Trade, Treasury and Risk, TXF Media Ltd
- Clarissa Dann, Editorial Director, Deutsche Bank AG
