Persistent UK inflation should worry everyone

Bloomberg/Mohamed A El-Erian/6-21-2023

“There was nothing but worrisome news in Wednesday’s economic data releases for the UK. And the implications extend beyond Britain in a multifaceted way.”

USAGOLD note: Is Britain the canary in the coal mine? El-Erian outlines the debilitating effects of inflation being experienced in the UK – outcomes that could develop anywhere.