04 Jun. 2020 | Comments (0)
As a result of measures taken nearly everywhere to curb the spread of the COVID-19 pandemic, the world is facing a major economic contraction. According to Conference Board estimates, global GDP growth will be -4.8 percent in 2020. To counter the shock, governments are laying down large-scale fiscal programs which will substantially increase public debt. At the same time, central banks are restarting QE programs and, where possible, lowering interest rate. At this stage of the COVID-19 crisis it looks like high debt levels, low interest rates and deflation are here to stay. Is the world economy heading towards a “Japanization” of their economies?
-
Off the Shelf Podcast
Off the Shelf is a new book discussion podcast series brought to you by The Conference Board. Each 30-minute episode allows our listeners to hear directly from authors of recently released books that focus on timely and relevant topics related to business management, human capital strategy, finance, the economy, policy or governance.
0 Comment Comment Policy