How the Pandemic is Shaping the Inflation Outlook


Karen Martinus
Senior Associate, Global Research

September 2020

Sponsor Report – IREI Europe

Underlying inflation in Europe has become remarkably steady in recent decades. The high inflation that was a feature of the 1970s has remained absent, despite periods of turbulence. Changes to the structure of the economy have ushered in a sustained period of low-price growth. However, the coronavirus disruption has affected both the supply and the demand sides of the economy, raising questions about inflation, the growth outlook and the commercial real estate (CRE) sector.