Man-made recession if it really happens. Fighting inflation with monetary policies is fruitless especially when it's supply side issues. This inflation is caused by logistical supply chain issues like China lockdowns and Ukrainewar disrupting grains and energy supplies. Rising interest rates does nothing to solve these but instead increases cost of business and forcing them to raise prices instead.
This inflation requires policy makers to reduce tariffs and improve supply chains with alternative sources. Reducing the cost of food and necessities such as energy. The risk of an induced recession is highly likely and arealready factored in by market.
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