The perfect storm: Global food prices hit six-year high | Counting the Cost

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  • Al Jazeera English published this video item, entitled “The perfect storm: Global food prices hit six-year high | Counting the Cost” – below is their description.

    Government bond markets have been rattled by fears of inflation as central banks print money to help governments through the pandemic.

    Investors fearing inflation are looking to mitigate their exposure by shifting money out of bonds and some stocks. Some of that money is moving into the dollar and commodities, raising concerns that speculators may be partly fuelling the rise in food prices.

    We look at what is driving up prices with the United Nations’ Food and Agriculture Organization’s senior economist Abdolreza Abbassian.

    Plus, we speak to IHS Markit’s senior economist Alisa Strobel about Ethiopia’s search for debt relief.

    Al Jazeera English YouTube Channel

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    Ethiopia, in the Horn of Africa, is a rugged, landlocked country split by the Great Rift Valley. With archaeological finds dating back more than 3 million years, it’s a place of ancient culture. Among its important sites are Lalibela with its rock-cut Christian churches from the 12th–13th centuries. Aksum is the ruins of an ancient city with obelisks, tombs, castles and Our Lady Mary of Zion church.

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  • In This Story: IHS Markit

    IHS Markit Ltd is an American-British information provider based in London formed in 2016 with the merger of IHS Inc. and Markit Ltd.

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