Central Banks
Hildebrand Worries that Global Inflation Is Stubbornly Sticky
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The biggest threat to the world economy in the next year is the prospect that inflation turns out to be persistent, former Swiss central bank chief Philipp Hildebrand said.
The combination of aging societies, technological change and fragmented geopolitics is likely to stoke consumer prices, auguring tough trade-offs for finance officials, the Blackrock Inc. vice chairman told Francine Lacqua on Bloomberg Television in Davos, where the World Economic Forum is set to kick off on Monday.