Inflationary Pressure
Concerns over growing inflationary pressure across the global economy have been gaining ground. This was reinforced in the recent July edition of the IMF's World Economic Outlook Update, which notes that whilst the recovery in economic activity is uneven, expansionary fiscal policy and accommodative monetary policy have resulted in strong price increases from consumer goods to commodities. In terms of the tanker market, the later may increasingly come to play a role as inflation expectations become reality.
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