Over the past year, the COVID-19 pandemic has accelerated the shift to a new paradigm for economies and markets, characterized by near-zero interest rates, coordinated monetary and fiscal policy (Monetary Policy 3/MP3), and heightened internal and external conflict. While the pandemic was an accelerant, we believe a shift to this new paradigm was inevitable over time and that the key elements of this new environment will remain long after the virus passes.
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This session examined the proposition that we are in a “lower for longer” environment, explored whether a reflationary environment will prevail, and determined if growth is around the corner.
Claudia GuestMay 1, 2021