The cyclical forces will be pulling inflation down and, very possibly, giving the false impression that the world can go back to the pre-Covid lowflation/deflation era.
While other economies saw strong inflation, China experienced the inverse trend: deflation.
Until not too long ago, all kinds of inflation seemed to be considered as bad. But then came the period of lowflation and, for some, almost permanent deflation. The...
Years of monetary largesse by the Bank of Japan (and many other major central banks) has not been able to eradicate the threat of deflation. Could Covid-19 achieve...
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