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Global Inflation Spike Seen Posing Near-Term Economic Risks

  • ‘Clear guidance is needed’ from central banks, OECD says
  • Economists raise 2021, 2022 inflation outlook throughout G-20
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Global central banks need to set out clear strategies for coping with inflation risks as the world economy experiences faster-than-expected cost increases amid an uneven recovery from the pandemic, the OECD said.