Central Banks Are Heading Toward a Stagnant Global Zombie Economy | Daniel Lacalle

Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. This risk could not be more evident today.  Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indic

Source: Central Banks Are Heading Toward a Stagnant Global Zombie Economy | Daniel Lacalle

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