Weak competition law enforcement drives inflation
The business outlook for next year is characterised by concerns about inflation. Is it a temporary phenomenon linked to problems in the supply chain as consumer demand has picked up again this year? Or is it permanent? Central bankers are considering their usual anti-inflation tool, interest rate hikes and the removal of public measures to stimulate the economy. According to US economist Robert Reich, the real problem is more a matter of regulatory failure in the area of competition law.