MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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I Think the UK Is Going to Find Itself in a Decent Position
I actually think that Britain is going to find itself in a decent position. They're doing fiscal expansion to stimulate the economy and they're going to methodically raise interest rates, not accommodated. That combination of those things actually is very positive for the economy because that will improve their current account. Europe I think has to work through some issues but I think it's on a good track as one where another Europe is facing an energy crisis.
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