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Podcast: Debunking Economics - the podcast
Episode: Navigating out of the COVID crisis
Description: There seems to be an assumption by many that the crisis we have experienced will quickly bounce back. Output will resume, demand will return, everyone will be back in work and the economy will rapidly expand back to where it was before COVID. Central banks appoint to supply chain disruption in the short term that might create transit inflation, but that’s the only obstacle to the road to recovery. Except, it’s not really working that way. There are forecasts for massive growth this year, but there’s not a lot of data to support these predictions. The US jobs r...