Persistent inflation a feature of a new world order: BlackRock

(Image: Getty)

Thu, 31 Aug 2023

Ongoing global supply constraints and structural changes mean inflation is here to stay, and investors need to adapt to what is essentially a new world order, BlackRock says.The global asset manager laid out its world view in Sydney on Aug 30 and said central banks would keep interest rates high to keep leaning against inflation. Unusually, this was more of a problem in the Western world at present.Those supply constraints were now a permanent feature because of a set of large-scale trends that were reshaping the world’s economy.'...

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