Getting inflation right in 2018
March 7, 2018 4:57 pm |
Had the Cayman Alternative Investment Summit taken place in early January instead of February, all the talk about investment risks and threats to the economy would have been about geopolitics. Following the market corrections in early 2018, the debates instead centered on inflation and the potential for interest rate rises.
For KPMG chief economist Constance Hunter, the low interest rate environment with low inflation, near-full employment, good GDP growth in the U.S., tailwinds from fiscal stimulus and synchronized global growth, for the first time since 2007, constitutes a “snowflake economy.”