A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP
A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP
Axel A. Weber
Opinion

Opinion

Axel A. Weber

Why inflation may buck the forecasts and make a comeback

  • Today’s economic conditions have no precedent in the past 50 years, so the current forecasts are no guarantee that inflation will actually remain low
  • The huge fiscal and monetary expansion in response to Covid-19 may pose an even greater inflation risk

A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP
A person wearing protective gear walks past produce in a grocery store in New York on October 5, 2020. Photo: AFP
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Axel A. Weber

Axel A. Weber

Axel A. Weber, a former president of the Deutsche Bundesbank and former member of the Governing Council of the European Central Bank, is chairman of the board of directors of UBS Group AG.