[13]  https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200930~169abb1202.en.html  3/7  30/09/2020  The monetary policy strategy review: some preliminary considerations  At the same time, structural forces need not be net deflationary, particularly in the aftermath of the COVID-19 pandemic. While globalisation and digitalisation have tended to pull in the same direction over the past 20 years, it is conceivable that they might now pull in opposite directions.
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