Economists with the International Monetary Fund on Monday echoed what progressive experts and campaigners around the world have been arguing for more than a year: Corporate profiteering has been a key driver of the recent inflation surge.
' The IMF experts' findings were limited to Europe, but economists have similarly found that corporate profiteering is fueling price increases in the United States.In March, the Economic Policy Institute's Josh Bivens wrote that 'in normal times, corporate profits contribute about 13% to prices.''Since the second quarter of 2020, they have instead contributed more than a third of price growth, or more than twice as much as they normally do,' Bivens estimated.
Federal Reserve Workers Energy European Central Bank Inflation International Monetary Fund Corporate Profits
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