The findings suggest similar conditions could be present in the United States, where experts have long warned of “Greedflation” caused by large corporations increasing prices beyond their input costs.
This is in contrast to wage growth, which has been stagnant in many countries around the world. The report could bolster the argument of those who have long argued that corporate profits are driving inflation. However, economists caution that it is still unclear whether the conditions of profit margin led inflation in Europe apply to the US.
In comparison to the European union’s looming deindustrialization and doubts over its current development model, the United States appears to have a better economic future.
