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Economics

Why Inflation May Be Here to Stay, Hurting Poor Nations Most

Wealthy countries are emerging from the pandemic stronger than anyone thought. Rising prices may change that, too. 

Shoppers As Some Economists Project 'Spectacular' U.S. March Retail Report
Photographer: David Paul Morris/Bloomberg

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The wealthiest nations are emerging from the pandemic stronger than anyone thought, nervous about inflation but otherwise feeling they’ve dodged a bullet. That’s not the case for developing countries, with many still overwhelmed by Covid-19 and certainly unable to dole out stimulus checks.