Tuesday April 7, 2020

The curse of overabundance

The old adage that you can’t have too much of a good thing does not apply to global macroeconomics, unfortunately. Expect low growth and low inflation

30th December, 2014
The European Central Bank in Brussels: fighting disinflationary pressures Picture: Bloomberg

This year has been a rollercoaster one in Europe. It started with Portugal and Spain’s triumphant exits from their bailouts and talk of a eurozone recovery. It ended with a real threat of deflation, sluggish to no growth in core eurozone countries and a possible snap election in Greece.

Elsewhere, the US Federal Reserve ended its quantitative easing programme as a recovery took hold, Japan doubled down on its own monetary and fiscal...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Most policies don’t include pandemics, so the government may be forced to step into the breach to share the burden, experts say

Peter O'Dwyer | 2 weeks ago

The Covid-19 outbreak has highlighted the importance of public health medicine, but the service is badly in need of reform

Priscilla Lynch | 2 weeks ago

The pandemic is a humanitarian tragedy, but it will also leave a lasting mark on the global economy with, currently, Europe being hardest-hit

Eugene Kiernan | 2 weeks ago