Should you be worried about inflation? By Calvin Lim 25 May 2021 Concerns around inflation and the associated impact on various asset classes have been rising over recent months as the global economy shifts from worries about disinflation driven by COVID-19 demand destruction, towards concerns of rising inflation due to the subsequent rebound in economic activity post-COVID. With the economic recovery comes the potential for pent-up demand from consumers to be unleashed as they generally have a much better balance sheet by means of an increased savings rate resulting from fewer areas to spend on during COVID, combined with unprecedented levels of fiscal stimulus.