Excerpt
January 3, 2022, Interview: "Forecasting economic change in a pandemic was always going to be hard. Now omicron, the new COVID-19 variant sweeping across the globe, has made it even harder. Economists and policymakers, after all, have no real-world experience contending with the economic fallout from a worldwide pandemic. In the United States and other wealthy countries, massive government spending fueled an unexpectedly strong rebound from last year’s coronavirus recession; a surprise surge in demand overwhelmed factories and ports and led to a resurgence in inflation. To learn more about the economic implications of omicron, the Associated Press spoke with Megan Greene, chief economist at the Kroll Institute and a scholar at the Harvard Kennedy School. The interview has been edited for length and clarity."
MRCBG Senior Fellow - Megan Greene