Great Demographic Reversal

The Great Demographic Reversal – A return of inflation, higher nominal interest rates, lessening inequality and higher productivity, but worsening fiscal problems

The rise of China to the status of economic superpower has been the dominant narrative of the last three decades. China’s rise as the main feature of globalisation, in conjunction with a beneficial sweet spot in demography, drove output up and inflation down in the advanced economies. But these trends are now reversing. China’s economic … Continue reading →