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Outlook 2021: Why the era of low inflation could last for 50 years, European Commission competition policy in Covid-19 recovery

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Outlook 2021: Why the era of low inflation could last for 50 years, European Commission competition policy in Covid-19 recovery

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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 longer apply. There is no inflation in the system. Is this phase an exception or is it the new ruling financial environment? I am going to stick my neck out and say it will last for 50 years.

Read the full commentary on the website.

Meeting: European Commission competition policy

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Tuesday 19 January, 09:00-10:00 GMT

Olivier Guersent, director general for competition at the European Commission, gives an overview of the role of competition in the Covid-19 recovery and how the EU is working with national governments to ensure a competitive Europe for investors and businesses. He also outlines how the green agenda and digital transformation fit into competition policy.

Request to attend the meeting.


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