The policy paradox: conditions increasing for policy mistakes

clock • 1 min read
The policy paradox: conditions increasing for policy mistakes

2021 brought the recovery many had hoped for. Businesses reopened, commuters returned to their desks, and the bravest of us even went on holiday. But no one could describe it as ‘getting back to normal’ amid rocketing energy prices, high debt levels, and past-the-peak growth, writes Andrew McCaffery, global CIO at Fidelity International.

These conditions increase the risk of a policy mistake in the next 12 months as central banks and governments try to navigate various ‘Catch-22' (or Catch-2022) narratives - reminiscent of the conundrums...

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