June 2020

Inflation is Possible, Deflation is Probable

Alexandra Gorewicz's picture
In these still early and unprecedent days, forecasting the near-term social and economic impact of the pandemic feels like a tall order; attempting to look out one year or beyond feels like a Magic 8-Ball consultation: Will we have more answers than questions in 2021? “Cannot predict now.” Will economic growth rebound in 2021? “Ask again later.” Will the price of goods and services be higher or lower in 2021? “Yes – definitely.”