Report Contents

December 2, 2020

Macro Series

Economic Risks

BY Russell Jones

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  • Secondary dips in activity multiplying before vaccines arrive
  • A US Presidential inauguration surrounded by chaos
  • Inflation falling further and remaining uncomfortably low
  • Fiscal support being extended, further boosting debt ratios
  • Central banks becoming yet more unconventional
  • Real activity taking many years to approach prior trend



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Economic Risks 1

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