Explanation:
According to the Bank for International Settlements (BIS) Annual Economic Report 2023, the global disinflationary process after the peak inflation in 2022 was significantly influenced by the normalization of global supply chains. During the COVID-19 pandemic, supply chain disruptions led to shortages and increased costs, contributing to higher inflation. As these disruptions eased, the improved flow of goods helped reduce price pressures, facilitating disinflation.
A is incorrect: The BIS report describes a rotation of spending away from goods, not a resurgence of demand.
B is incorrect: The BIS report describes a retreat of commodity prices as a disinflationary factor.
D is incorrect: The BIS report mentions fiscal consolidation as a supporting factor, not a new stimulus.
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Q.6371 According to the Bank for International Settlements (BIS) report, which of the following was a key factor contributing to the global disinflationary process after the peak inflation in 2022?
A
A resurgence of global demand driven by pent-up consumer spending.
B
A significant increase in commodity prices, particularly energy and food.
C
The normalization of global supply chains following pandemic-related disruptions.
D
A coordinated global fiscal stimulus effort by major economies.
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