Jim Power: I worry about risks facing Irish small firms in the next few months

Jim Power: I worry about risks facing Irish small firms in the next few months

Central bankers are starting to panic and are now clearly taking the view that they will have to do whatever it takes to try to kill off the inflationary psychology that is building in the global system, even if this means pushing economies into recession.

It is quite extraordinary the extent to which unwelcome news is building globally. Inflation everywhere continues to scale new heights and what was once seen as a "transitory" problem seems to be becoming more embedded with every week that passes. 

Central bankers are starting to panic and are now clearly taking the view that they will have to do whatever it takes to try to kill off the inflationary psychology that is building in the global system, even if this means pushing economies into recession.

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