Further, given that this inflation surge is accompanied by a major terms of trade issue, there is more fiscal latitude to help minimise the social and distributional implications of high inflation.

• 我们认为，未来几个月之中，通胀与增长的短期关联与长期关联之间的这种差别将具有重大意义，因为许多新兴市场决策者的决策过程既注重短期问题，也注重长远问题。