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What is the impact of inflation on economic growth?
Inflation impacts economic growth in both positive and negative sides:
Positive impacts:
Moderate and stable inflation can facilitate price stability, which can encourage investment and provide an incentive to spend and invest money before its value decreases.
Negative impacts:
High and volatile inflation can lead to uncertainty and reduced investment, which can result in lower economic output and productivity.
Inflation can discourage savings and lead to higher borrowing costs, which can reduce the availability of credit and hamper investment.
The impact of inflation on economic growth can be complex and depends on various factors, including the level and volatility of inflation, the underlying causes of inflation, and the response of policymakers to inflation.