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To keep investors informed about market shifts, the implications of policy changes and our long-term economic outlook, we have created a hub of timely and actionable insights.
The Biden administration’s policy path is primarily fiscal in nature with the US$1.9 trillion “American Rescue Plan” constituting the core of that plan. However, this coupled with a fiscal deficit of 15.8% of GDP in 2020 and a further deficit of 10% expected for 2021 has raised the specter of inflation. Yet, future inflation should be determined by the depth of the pandemic recession and upcoming fiscal plans, not the current ones.
Hear timely updates from CIO, Rick Lacaille. This week, Rick discusses long-term inflation uncertainty and how investors could be thinking about it.
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