The next Power of Print seminar from Two Sides will take place virtually on 2 November. At the free-to-attend event Andrea Boltho, Emeritus Fellow of Magdalen College, Oxford, and director of Oxford Economics will talk through his economic recovery predictions.
A statement on the upcoming seminar stated: At the time of last year’s seminar, it was expected that world growth would recover following the severe recession induced by Covid-19. This expectation has been fulfilled. The US and China, in particular, are now growing strongly and Western Europe is picking up speed. Widespread and increasingly successful vaccination campaigns should prevent renewed waves of infection, though the risk of novel and more virulent Covid variants cannot be fully discounted. The major economic uncertainty surrounding the short-to-medium-run future is the possibility of a revival of inflation. Hopefully, the present uptick in consumer prices reflects mainly temporary factors. Should bottlenecks and shortages, however, become more widespread, there is a risk that wage inflation could follow, leading, in turn, to tighter monetary policies. Even in this case, however, growth in 2022-23 would remain positive, if not as buoyant as it is today.