Are Markets Underpricing Pandemic Impact?

The video discusses the signs of a self-sustaining economic recovery, highlighting accommodating financial conditions and global fiscal stimulus. It examines the role of central banks, which are seen as trapped in the near term due to weak demand, necessitating stimulation of certain economic sectors. The video analyzes global economic indicators such as trade, housing, and employment, noting a sharp rebound but a recent slowdown. It also covers market trends and risks following the March downturn, emphasizing the need for central banks to maintain low interest rates and a higher tolerance for inflation.

What factors contribute to the disinflation impulse mentioned?

What is the expected future tolerance for inflation according to the text?