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Macroeconomic Comment: Global Economic Recovery

Macroeconomic Comment: Global Economic Recovery

02/16/2020 – The significant economic recovery expected for this year will be delayed by several weeks because the second and in some cases third wave of the pandemic will lead to longer-lasting restrictions while virus mutations are urging a cautious reopening. Nevertheless, the International Monetary Fund (IMF) has revised its growth forecast for the global economy slightly upwards to 5.5%…

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Macroeconomic Comment: Thoughts for the New Year

Macroeconomic Comment: Thoughts for the New Year

12/30/2020 – At the end of 2019, I summarized my thoughts on the topic of “limits”, which we may have already reached or already overstretched: limits to growth, debt, environmental pollution, monetary policy, and globalization. For years, it has been apparent that we can only achieve economic growth with rapidly growing government debt, with over-exploitation of our planet, with massive…

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