Powerful Lords committee damns Bank of England over inflation forecasts (www.theguardian.com)

submitted 1 year ago by stopthatgirl7@kbin.social to c/worldnews@lemmy.ml

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Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

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[-] BlameThePeacock@lemmy.ca 4 points 1 year ago

It's easy to keep inflation down when your population is decreasing by 0.5% per year and accelerating downwards, with far more people aging out of the workforce than entering it. Japan is going to be in for a world of economic hurt over the next two decades.

China's population has peaked too, and it's economic outlook is going to be very dire when the big age cohort currently in their 50s starts retiring in 10-15 years.