Leading central banks, especially the U.S. Federal Reserve (Fed), emphasize that they are determined to monitor increases in both producer and consumer price indices for a while.
However, global markets and economic circles follow increases in the producer price index, an indicator of cost inflation, and the increase in producer inflation is present in a significant number of G-20 countries.
Development First
The “Vitamin D” cure, which stands for “Development,” should be prioritized in order to save the world economy from the effects of the COVID-19 pandemic and to help national economies recover from the destruction caused by the global pandemic.
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