Slowdown in global economy helping high inflation: JPMorgan Chase
James E Glassman, Senior Economist at JPMorgan Chase, says that signals from Europe are more positive and therefore wouldn't make too much of the IMF forecast that the global economy will grow at a slower rate of 3.3 per cent as against 3.8 per cent last year. He further said that the slowdown in the the developed countries, India and China is helping to contain inflation.
