FOCUS: Hard labour – the post-pandemic jobs market
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Global Letter – The EU: on the money
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Financial repression: a more subtle knife
High public sector debt levels are set to remain at the core of the economic policy debate. Periods of elevated and rapidly rising debt are rarely reversed without some form of default. This need not be explicit. It can be more subtle and covert. It can take the form of inflation, regulation, and the creation of ‘captive markets’ for bonds. The stage is set for an extended period of financial repression.
Shape of Recovery: Square Root & Hockey Stick
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Global Letter: The economic cost of recessions
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ARGENTINA: THE WEEK AT A GLANCE
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Solucionar el default no implica volver a crecer
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CHINA: National People’s Congress will signal tolerance for slower growth
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Russian Macro – Falling Inflation to Pull Key Rate Down
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