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100PercentChansey t1_izogqat wrote

God damn, it looks like some of those developing countries' economies barely got worse during the pandemic. Like Indonesia was almost completely fine and India's inflation rate didn't change at ALL.

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Aggressive_Bed_9774 t1_izr1udw wrote

don't know about Indonesia but , in India the target inflation range is 2-6% which is what the inflation is most of the time

the reason for the range upper limit being so high is that its not a problem when the GDP growth rate is also high

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