They (IMF) will be very concerned with the upsurge of inflation. The other problem will be that the government still maintains 18 products under price controls.

Eric Bloch

Government Inflation Will

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There are going to be major demands for wage increases and thus causing further inflation.

There is no doubt the government will have to borrow to finance the salaries and this is destructive economically.

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Concerns, however, remain on the level of the national debt, inflation and lack of investment.

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The message should be to encourage foreign investment and they (investors) will obviously not be encouraged by these moves.

The economy is strong enough to keep corporate earnings growing, but not so strong that inflation will be a major factor.

— Eric Thorne

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