Economic Cycles: Growth, Inflation, and the Impact of Shocks

This chapter examines the intricate relationships between growth, employment, and inflation, emphasizing their importance for economic stability. It provides insights into historical economic fluctuations, particularly during the 2010s and the downturn in global industrial growth in 2018, while analyzing the effects of geopolitical events on energy markets. The discussion also focuses on the implications of inflationary pressures, Federal Reserve policies, and the evolving landscape of work and real estate in the aftermath of the pandemic.