Therefore, inflation expectations have so far remained well anchored at low levels. This has allowed central banks to maintain a more accommodative monetary policy stance, thereby providing ongoing support to overall demand. 4 It should be clear by now that, for all these reasons, the oil price shocks of the 1970s differ strongly from those of today.
Of the estimated 70 million lives lost worldwide – roughly the same as the casualties of the two World Wars – India had accounted for nearly 60 per cent, and yet somehow, we had erased those memories. After all, astonishing progress The word ‘pandemic’ derives from the Greek word pandemos, which means common to all people.