November 15, 2021
Economy

Business | The Economist

Listen to this story

Enjoy more audio and podcasts on iOS or Android.

America’s annual inflation rate climbed again in September, to 5.4%, having dipped slightly in August. In its latest outlook on the world economy the IMF said that rising inflation reflected “pandemic-related supply-demand mismatches and higher commodity prices”, and warned that central banks would need “to walk a fine line” between tackling inflation and supporting post-pandemic economic recovery.

All at sea

Battling a supply-chain crisis that has caused a backlog of imports, a factor contributing to inflationary pressures, Joe Biden announced that the port of Los Angeles would operate 24 hours a day. Along with the port of Long Beach (which is already open 24 hours) the complex is the biggest entry point in America for products from China and…

Read full article here: www.economist.com