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REVIEW OF THE PAST QUARTER:

Inflation, or the fear of inflation, has been a running theme in financial markets in 2021. As Covid is brought under control in many developed economies, helped by successful vaccination programmes, the easing of Covid-19 restrictions has seen many economies recovery strongly. The return of consumer spending, as well as the ‘base effect’ of artificially low prices this time last year due to lockdown, has driven up some inflation measures quite sharply and caused some volatility in financial markets…

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