The Unassuming Economist

Former chief economist of the World Bank and chief economic adviser to the Government of India, Dr. Kaushik Basu, wrote for a recent column at Project Syndicate about countries’ widely disparate experiences with inflation today.

“From the US and Brazil to Turkey and India, growing price pressures are leaving policymakers facing some difficult decisions. Unlike in many previous global inflationary episodes, what is remarkable this time is how different the cross-country experiences have been.“

He observes that the world’s recent collective brush with inflation today is very different from the past because even while recovery from Covid-19 led disruptions is a common feature of all economies, their diverse responses to the crisis have churned out diverse economic scenarios.

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