Global economic prospects hang on a delicate balance, largely hinging on the path of inflation.While inflation looks to be easing, there remains the risk of a second wave of price pressures driven by geopolitical conflicts and supply disruptions in the Red Sea. Adding to this, a stronger than expected labor market could drive consumer demand, pushing up higher prices.This graphic shows 2024 inflation projections around the world, based on forecasts from the International Monetary Fund (IMF).
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110 sats \ 5 replies \ @Undisciplined 3 Mar
The color scheme really obscures how many places are dealing with high rates of inflation.
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51 sats \ 4 replies \ @jakoyoh629 OP 3 Mar
It's true that they could use more differentiating colors, like SN ZAP, from orange to purple. But I don't think that's the main issue, I think it's more because most of the values are in the 2-5 range. This makes it harder to differentiate. What value would you consider to be a high rate?
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129 sats \ 3 replies \ @Undisciplined 3 Mar
They're probably using a linear scale, which isn't ideal for showing heavily skewed data. I'd probably use a log scale or quantiles. Either way would let us see more of the differences amongst the majority of countries.
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30 sats \ 1 reply \ @jakoyoh629 OP 3 Mar
That's a great idea! This format is much more effective for displaying the data.
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11 sats \ 0 replies \ @Undisciplined 3 Mar
For all the issues with mainstream econ training, we do learn a lot about data visualization.
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0 sats \ 0 replies \ @joda 3 Mar
EXCELLENT idea. Would love to go that.
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54 sats \ 3 replies \ @TheBTCManual 3 Mar
Damn 30 countries chilling in the double-digit inflation range and 5 getting pretty close. Would like to see these numbers overlaid with current interest rates per country so we can see if they're in positive or negative territory
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0 sats \ 1 reply \ @Enemy_of_the_state 3 Mar
All negative in real terms.
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0 sats \ 0 replies \ @TheBTCManual 3 Mar
For sure, I just wanted to know what the nominal rates sold to the normie is at
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0 sats \ 0 replies \ @jakoyoh629 OP 3 Mar
Good point
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63 sats \ 1 reply \ @hasherstacker 3 Mar
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26 sats \ 0 replies \ @jakoyoh629 OP 3 Mar
Can I have one of those pills? I think I'm running low. :)
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71 sats \ 0 replies \ @brave 4 Mar
This projection shows how bad many countries economy is presently at and to me this gives the right time to maintain and grow the value of your worth in Bitcoin
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21 sats \ 2 replies \ @freetx 3 Mar
I don't believe 2.6% inflation in the US. I think its probably ~5%
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25 sats \ 0 replies \ @DaveC 4 Mar
US money supply has been expanding at a minimum of 7% per year for the past 100 years.. CPI is 100% irrelevant.
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10 sats \ 0 replies \ @jakoyoh629 OP 3 Mar
I'm sure it's much bigger than they claim. These are values calculated based on certain metrics, which are questionable and easily manipulated.
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21 sats \ 0 replies \ @ZezzebbulTheMysterious 4 Mar
“Slowdown in manufacturing” will cause inflation to drop. Lol.
Yes because increasing supply is going to reduce prices. That’s how economies work. Lol.
The Keynesian gaslighting over inflation exists to cover up its only cause. Increasing the money supply.
Thank goodness we can point and laugh while out labor is not devalued by the politicians pen.
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0 sats \ 0 replies \ @DaveC 4 Mar
CPI is such bullshit though... Australia is ~10% every year, don't care what you say. It's always at least 10%.
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0 sats \ 0 replies \ @cryotosensei 3 Mar
3.2% inflation in Singapore.
The data can say what it wants, but a cup of black coffee that used to cost $1.10 has rapidly increased to $1.30-$1.40 at some coffee shops. I actually fear that it’s gonna increase to $1.70 by the time 2025 rolls by. When the price of my survival tool jumps like this every few months, I feel that my wallet is being suffocated bit by bit lol
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