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Inflation et tensions

Abstract : Two years after the outbreak of COVID, the pandemic has not come to a halt and new variants have appeared. The recovery is confirmed in all geographic areas. The business climate in the main branches of the economies of the European Union has improved markedly, particularly in industry. This situation is also reflected in the evolution of the activity. The return of GDPs to their counterfactual reference level is accompanied by the resurgence of tensions which are manifested by a rebound in inflation, but also by the insufficiency of productive resources, causing difficulties in recruitment and supply difficulties. Labor market tightness is particularly high in the United States, reflected in accelerating wages and unit labor costs. Under these conditions, the inflation observed in 2021 could be long-lasting and amplified by the geopolitical situation.
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Reports (Research report)
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https://hal-sciencespo.archives-ouvertes.fr/hal-03615358
Contributor : Claudine Houdin Connect in order to contact the contributor
Submitted on : Monday, March 21, 2022 - 2:43:41 PM
Last modification on : Wednesday, October 26, 2022 - 8:14:34 AM

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Céline Antonin, Elliot Aurissergues, Christophe Blot, Magalie Dauvin, Amel Falah, et al.. Inflation et tensions. [Rapport de recherche] 01-2022, OFCE. 2022, pp.34. ⟨hal-03615358⟩

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