MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”
Macro Voices
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Is It Possible for the Global Economy to Return to Pre-Pandemic Growth?
I do not believe it is possible for the global economy to return to pre-pandemic growth trajectory. Even if there was a change in policy, even if there were some kind of radical shifts, I don't think they will have a huge effect inside the five year horizon. So I guess the difference of this is you kind of seeing inflationary pressures and the environment of low growth. What I see is actually deflationary growth collapse.
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