The Economy: Stagnation Until 2028?

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The Central Bank is cooling the economy, hoping to bring down inflation. It does this by maintaining high interest rates, which hurts indebted households and companies. However, it does not work on foreign price increases, nor on inflation due to rising housing costs, nor on the expansion of demand by low-debt and high-income individuals and companies, nor on the expansion due to private consumption by a large number of...