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Home > News > Top News > 11/30/11 - HSBC's Karen Ward: Developed World Facing Mission Impossible
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HSBC's Karen Ward: Developed World Facing 'Mission Impossible'

November 30 — The West is facing a "mission impossible" as it attempts to tackle high unemployment, inflationary pressures and exchange rate tensions, an economist told CNBC

"The developed world is facing a policy paradox. It needs inflation to rid itself of debt but deflation to encourage firms to boost production and employment," Karen Ward, senior global economist at HSBC told CNBC Tuesday. Read more.

 

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