Outlook 2021: Why the era of low inflation could last for 50 years, European Commission competition policy in Covid-19 recovery
Friday 15 January 2021 – Vol.12 Ed.2.5
Outlook 2021: Why low inflation could last 50 years
By Meghnad Desai in London
Covid-19 has upended traditional economic thinking in a way that was even harder to anticipate than the virus itself. Economists were not prepared for a simultaneous supply and demand shock, alongside a deep fall in income and employment. The old rules no...