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Fed or ECB Policy Error Is Now a Big Risk, Allianz’s Subran Says
The prospect that US or euro-zone policymakers might overdo tightening is now one of the most prominent threats to the global economy, according to Allianz Chief Economist Ludovic Subran. Speaking to Bloomberg Television, he said his outlook for a so-called “soft landing” hinges on policymakers not going overboard in their drive to tame consumer prices. “It depends vividly on central banks’ determination to kill inflation,” he said. “One of the main risks to the economy is the risk of policy mistakes from central banks, and this toxic policy mix risk between fiscal and monetary tightening at the same ... (full story)
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