Disinflation, a legacy from the financial crisis
in VBA Journaal door Eric Siegloff (r), Willem Verhagen (l)The financial crisis has shaken the economic environment to its core, exposing the general population to the despair of confidence withdrawal brought on by large personal financial loss and loss of faith in the financial system. Economic loss was evident in the statistical observation of sharply negative GDP growth in most major economies. The resultant output gap, that is the difference between actual and potential GDP, widened to a multi-decade extreme.