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Recession now appears the price to pay for beating inflation

Bloomberg
Bloomberg7/24/2022 03:20 PM GMT+08  • 5 min read
Recession now appears the price to pay for beating inflation
The stark outlook is stoking fears that policy makers will end up overreaching as they push ahead with aggressive interest-rate hikes. Photo: Bloomberg
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After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices.

The stark outlook is stoking fears that policy makers will end up overreaching as they push ahead with aggressive interest-rate hikes, just as some now concede they overstimulated through the pandemic recovery.

Such fears were elevated on Friday after reports showed business activity unexpectedly contracting across the US and euro-area for the first time in more than two years.

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