Inflation slowdown brings relief after post-Covid surge

  • Inflation around the globe is slowing faster than expected
  • Economists predict inflation will return to normal levels in 2024
  • Goldman Sachs estimates core inflation at 2.2% in post-Covid economies

Inflation around the world is showing signs of slowing down at a faster rate than anticipated. Economists predict that this trend will continue into the next year, bringing inflation levels back to normal for the first time in three years. According to Goldman Sachs, core inflation, which excludes food and energy, in economies that experienced a surge in inflation after the Covid-19 pandemic, such as the U.S., Europe, and several emerging markets, ran at an annualized pace of 2.2% over the three months ended in November.

Public Companies: Goldman Sachs (GS)
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Factuality Level: 8
Justification: The article provides information on the slowing inflation around the globe and the potential impact on economic growth. The information is based on estimates from Goldman Sachs economists. However, the article lacks specific data or sources to support the claims made, which lowers the factuality level slightly.

Noise Level: 8
Justification: The article provides some information on falling inflation and its potential impact on economic growth. However, it lacks scientific rigor and intellectual honesty as it does not provide any evidence, data, or examples to support its claims. It also does not explore the consequences of falling inflation on those who bear the risks or provide actionable insights or solutions. The article stays on topic but is quite short and lacks depth.

Financial Relevance: Yes
Financial Markets Impacted: The article does not provide specific information about financial markets or companies impacted.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the slowing of inflation, which is a financial topic. However, there is no mention of any extreme event or its impact.

Reported publicly: www.wsj.com