World Faces Rare ‘Inflationary Depression,’ Says Keynes Scholar
Pedestrians walk past closed stores on a near-empty street in Wuhan, China. (Photographer: Qilai Shen/Bloomberg)

World Faces Rare ‘Inflationary Depression,’ Says Keynes Scholar

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(Bloomberg) -- The world economy could face a unique “inflationary depression” as it emerges from lockdowns, with government spending propping up demand even as unemployment soars, according to eco...
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