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But we saved everything 🙂.
Dario Perkins suggests that the U.S. economy, if it experiences a downturn, may do so more rapidly than other advanced economies. He points to labor hoarding as a norm in those countries, which could contribute to differing economic outcomes. Perkins also questions deterministic predictions, noting that when people state all scenarios lead to a single outcome, that result rarely materializes.
Perkins previously noted that after the 1990 oil price surge, only one central bank raised rates in response to major fiscal stimulus, highlighting varied policy reactions across countries here. He has also discussed investor concerns following five years of above-target inflation and questioned the effects of the latest energy shock here. These observations build on his ongoing analysis of macroeconomic responses to external shocks.