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

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 ...