Why the U.K.s high inflation has global implications
More than any other advanced economy, the U.K. has been squeezed by sharply higher prices, but new data shows that inflation may be starting to fall. In this episode, Goldman Sachs Research\u2019s Jari Stehn, chief European economist, and George Cole, head of European rates strategy, explain why the U.K. faces a \u201cconfluence of shocks,\u201d why inflation is likely to remain elevated, and what the implications of the U.K.\u2019s inflation problems may mean for yields across the Euro area and globally.