Macroeconomics

A lack of major economical activity has prevailed in recent weeks and we have had to deal with the limited statistical data offered during the period. The main point of discussion during the last two weeks was whether we are experiencing a period of lower inflation or whether we are heading into deflation, risking the consequences of a major global depression similar to that of the 1930s. Lacking any real comparable historical data there is little to base any judgement on.

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