Midterm Election Could Make Democrats Latest Governing Party to Pay Price for Inflation

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Midterm Election Could Make Democrats Latest Governing Party to Pay Price for Inflation
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Americans naturally look to American explanations for inflation, writes greg_ip. Historically, though, inflation trends have been synchronized across the Western world.

Though Republicans blame President Biden’s policies, inflation has deeper roots, as reflected in high price pressures and tight job markets worldwide

The 2022 midterm elections are being held in a strange economic environment. Inflation is high but unemployment is low. So is the economy good or bad? We go behind the political messaging to break down the numbers. Illustration: Madeline MarshallAll politics may be local, but this year political leaders around the world are being cashiered by a global problem:

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