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The economists' point of view - video

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    Scenario - The risk? American

The US fiscal stimulus will give a temporary, mistimed boost to growth that is already at the top of its cycle and make the task of engineering the soft landing that the Federal Reserve will strive to promote far more complex. Based on the twin assumptions of a lack of any sharp monetary tightening in the US and of a hawkish escalation of protectionism, growth should still have a few fine quarters ahead of it, especially in the Eurozone.

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