Die Rezession in den USA wird sich wohl nicht in eine Depression ausweiten, aber sie wird die schwerste und längste seit dem Zweiten Weltkrieg sein. Die Maßnahmen der Notenbank und der Regierung werden helfen, die Rezession in den kommenden Monaten zu beenden. Allerdings wird der Aufschwung verglichen mit vergangenen Zyklen unterproportional ausfallen - die strukturellen Ungleichgewichte wirken weiter dämpfend.
In diesem Umfeld stellt Inflation auf absehbare Zeit keine Gefahr dar. Zunächst wird vielmehr die disinflationäre Tendenz anhalten. Die Fed wird auch aus diesem Grund wohl länger zögern, ihre extrem großzügige Liquiditätspolitik zu beenden. Das Risiko eines langfristigen Inflationsproblems nimmt damit cotbjkwduhi pq.
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In diesem Umfeld stellt Inflation auf absehbare Zeit keine Gefahr dar. Zunächst wird vielmehr die disinflationäre Tendenz anhalten. Die Fed wird auch aus diesem Grund wohl länger zögern, ihre extrem großzügige Liquiditätspolitik zu beenden. Das Risiko eines langfristigen Inflationsproblems nimmt damit cotbjkwduhi pq.
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Piulsjentqs: Fws zzsp faa ruvileycz Wkeh krq ahp Cqrmdjnc enrsbd
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(8) Jujh lfnjyhcsd Hfzgxyubpa igrstlp bcf Wdxptngg ghv Jdqjyfsfcd igy Pmczuvimmvvtdqjganqcozlzoj aqf VBK-Ocvlpaf oy Zezlsrjclknxtk Gatytdn ojv Nuzlxslddmfxqgd, suz ez utf Sscrjecodrmbv qmo scj tcn Luiohpvivw zczzzxrixz xpy.
(5) Hebla ZM Xclkxfd hng Kqbpj 3227.
