Home Economy No Real Sign of Inflation Risk in World Economy, Maersk CEO Says

No Real Sign of Inflation Risk in World Economy, Maersk CEO Says

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The chief executive of the world’s biggest shipping company says he’s not seeing signs of a dangerous resurgence in inflation.

A.P. Moller-Maersk A/S transports about a fifth of global trade, giving it a prime vantage point from which to catch a first glimpse of economic developments before they’re released in the form of official statistics.

Maersk CEO Soren Skou, who spoke before fresh U.S. inflation data was published on Wednesday, says he’s fully aware that “many economists fear inflation because so much money is being pumped out.” And though history would suggest that the monetary environment ought to feed dangerous inflation, “we don’t really see that now,” Skou said in an interview. “On a global level we don’t see strong inflationary pressure at this point.”

Read: Fed’s Clarida Plays Down Significance of Rising Inflation

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