Inflation is so far away from the economic priorities of developed countries that it has been easy to underestimate the growing price worries of emerging economies. But a sharp sell-off in emerging market equities – triggered by last week’s Chinese inflation data – is a reminder that prices need watching – and in some countries require urgent policy action.
發達國家在很長時間內都不會將通脹列為經濟要務,因此他們很容易就會低估新興經濟體日益增長的價格擔憂。但中國上周的通脹數據引發的新興市場股票暴跌,提醒我們有必要關注價格,有些國家還亟需采取政策行動。
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