Year of the Ox reflections: Inflation's unpleasant surprises of 2021
With supply chain issues worsening, labour shortages, and a spike in energy prices, 2021 saw inflation rates rise to levels unseen in nearly four decades.
Last year, AsianInvestor made 10 predictions about how markets would swing in the Year of the Ox. As we now enter the Year of the Tiger, we take a look back at just how accurate some of these predictions were.
Will inflation offer any unpleasant surprises in 2021?
Answer: No
Verdict: Incorrect
Inflation was the big surprise of 2021.
At the beginning of the year, economists forecasted the average US inflation for year-end to be around 2%, but the latest reading in December …
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