Growth Summit 2023: Chief Economists Briefing
World Economic Forum
00:00
The Impact of the Energy Crisis on the Economy
Bank of England chief economist Hugh Pill said that consumers and workers cannot be demanding higher wages. He's just setting up a vicious cycle of very high inflation, says Sandra Piazza. But what I think matters more is that the impact that all of this has had on individuals and firms is very heterogeneous," she adds. "So there's all that misalignment of government spending that goes directly into inflation"
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