Coronavirus

Coronavirus

Who’s really ‘politicising’ a crisis?

Whenever a crisis of any sort comes along, you can bet your bottom dollar people will start accusing other people of “politicising” a difficult moment, or using it for “political point-scoring”. There is, of course, a huge asymmetry here. We always think our political opponents are “politicising” events, and that they’re being cynical, manipulative, and […]

Coronavirus

Ignore short-term GDP and avoid ‘fiscal stimulus’ – the upside-down economics of coronavirus

Even if not a technical recession (two quarters of negative growth), a severe coronavirus-induced downturn looks certain across major economies. Markets signal it. Top economists predict it (a recent IGM poll showed 62% to 8% “agreeing” it would happen.) And many “feel it” already – from disruptions to supply chains and work arrangements, to collapsing demand for leisure, travel, […]

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