A vendor counts out Nigerian naira banknotes in Lagos, on March 29. Nigerians are contending with their highest inflation rate in four years as fears of spikes in consumer prices spread globally. Photo: Bloomberg

Macroscope by Nicholas Spiro

Coronavirus recovery: why stimulus-driven inflation is not the biggest threat to markets

Worries about an inflation shock are way overdone, particularly given the scale and severity of the damage wrought by the pandemic

Markets should be more concerned about the ability of governments to control the pandemic and respond forcefully enough to minimise long-term scarring

Nicholas Spiro

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Published: 10:00pm, 1 Apr, 2021

Updated: 10:34pm, 1 Apr, 2021

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Nicholas Spiro

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Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.

Coronavirus recovery: why stimulus-driven inflation is not the biggest threat to markets

Worries about an inflation shock are way overdone, particularly given the scale and severity of the damage wrought by the pandemic Markets should be more concerned about the ability of governments to control the pandemic and respond forcefully enough to minimise long-term scarring

Worries about an inflation shock are way overdone, particularly given the scale and severity of the damage wrought by the pandemic

Markets should be more concerned about the ability of governments to control the pandemic and respond forcefully enough to minimise long-term scarring