Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters
Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Inflation could make a comeback in 2020. It should be welcomed if it means higher growth

  • The years of deflation or low inflation may end as a growth recovery gathers momentum and puts less pressure on prices. Central banks, which are largely sticking to loose monetary policy, should go with the flow

David Brown
David Brown

Updated: 4:04am, 14 Jan, 2020

Why you can trust SCMP
Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters
Shoppers bid for cuts of meat during a Christmas Eve auction in Smithfield market in London, in 2018. With easy money paving the way for an economic recovery in the euro zone, its CPI inflation rate could surprise on the upside. Photo: Reuters
READ FULL ARTICLE
David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.