Legacy of coronavirus will be weak global inflation, say economists

By Rahul Karunakar and Mark John BENGALURU/LONDON (Reuters) - The coronavirus pandemic is more likely to leave a legacy of weak or falling prices for goods and services than to trigger higher global inflation, according to a majority of over 160 economists polled by Reuters.

The finding underlines how early fears disruption to supply chains would lead to price hikes have since been overtaken by a consensus that the real problem is a deep slump in demand as the crisis hits millions of livelihoods. Beyond being a symptom of recession,.....

This article is no longer available in our repository.

There could be multiple reasons for this.