So while the probability of an inflation scare may have risen only slightly, its consequences would be worse. Shortening the maturity of the state’s balance-sheet—as in 2020—must only ever be a last resort, and should not become the main tool of economic policy. The Economist Events is a part of the Economist Group. The Economist Group provides Internship opportunities on a rolling basis and within most of our business units. The global economy already shows signs of suffering from bottlenecks. ... Daily chart A record number of journalists were behind bars in 2020… ", Sign up to our free daily newsletter, The Economist today, Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”. In the West and in Asia many societies are ageing, creating shortages of workers. But once they are vaccinated and liberated from the tyranny of Zoom, exuberant consumers may go on a spending spree that outpaces the ability of firms to restore and expand their capacity, causing prices to rise. All rights reserved. All rights reserved. The World in 2020, the latest in The Economist's annual collection of predictions, identifies and explores the issues that will shape the year ahead. The Federal Reserve says it wants inflation to overshoot its 2% target to make up for lost ground; the European Central Bank, which announced more stimulus on December 10th, may yet follow suit. The Economist 2020 Cover is for sure a play on words and themes for 2020 because the cover is set up like a Snellen Eye Test Examination with the black, green and red colors. Weighed down by the need to pay for an ageing population and health care, politicians will increasingly favour big budget deficits. The … To understand why requires peering, for a moment, into how they are organised. For delivery to anywhere in the rest of the world, please visit our ROW store at Because the reserves they create to buy bonds carry a floating interest rate, they are comparable to short-term borrowing. Our audience is guided by our objectivity and insight on issues as wide-ranging as cryptocurrencies to gay marriage. 2020 The Economist Kapak Yorumlarına SON Noktayı koyuyorum. The outlook for America looks grim, but that could quickly change, The struggle over chips enters a new phase, The world must not accept the jailing of Alexei Navalny. The Economist Intelligence Unit (The EIU) is the world leader in global business intelligence. The Economist Intelligence Unit (The EIU) is the world leader in global business intelligence. The Economist ’s Innovation Summit celebrates a decade in 2020 and we’re imagining the company of the future and also the social and political forces that will shape it. The premise of low inflation is baked into economic policies and financial markets. It is not guaranteed to last. You've seen the news, now discover the story. It is why central banks can cut interest rates to around zero and buy up mountains of government bonds. The odds of a more sustained period of inflation remain low. Now globalisation is in retreat. In the decades since Margaret Thatcher warned of a vicious cycle of prices and wages that threatened to “destroy” society, the rich world has come to take low inflation for granted. The Economist videos give authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. After the pandemic, will inflation return? The pandemic has caused the worst economic crisis in living memory. More important, the full cost of the state’s vastly expanded balance-sheet—both governments’ debt and the central banks’ liabilities—would become alarmingly apparent. The Democracy Index is an index compiled by the Economist Intelligence Unit (EIU), a UK-based private company.It is self-described as intending to measure the state of democracy in 167 countries, of … The return of inflation should be no exception. The Economist is keeping tabs on his cabinet, progress and the latest polling. Your browser does not support the