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By Kokou Agbo Bloua Staggering government spending has become the norm since the pandemic, but the consequences are coming, writes SocGen’s global head of economics Kokou Agbo Bloua in today’s Notebook Budget deficits & the Original Sin25 trillion US dollars! This is the staggering sum of money governments and central banks have injected to protect businesses and households as economies were put in hibernation during the Covid-19 pandemic. This colossal sum was made possible through a powerful cocktail of substantial government borrowing, reduced interest rates and quantitative easing. As we a…

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