Cross-posted from Brussels Morning (https://brusselsmorning.com)
You could have guessed it: As soon as the end of the Corona crisis is in sight, the inflation alarmists of all countries come out of their holes painting horror scenarios of hyperinflation.
In the US, …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
Last week, the Federal Statistical Office in Germany presented its first estimate for 2020’s gross domestic product (GDP). The statistical service forecasts a decline in economic output during the year of the coronavirus at 5%. In its press releases, …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
There is no doubt that Switzerland is a currency manipulator; whether its behaviour is wrong or right is less clear. There are other surplus countries (with consistent current account surpluses) that also manipulate currencies and the US supports speculation, …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
The Corona-shock has put enormous pressure on wages. Rising unemployment is shifting the balance of power further in the direction of employers who – with their micro-economic mindset – are eager to cut wages as much as possible. …
