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Preamble to the 2021 <i>Compendium</i>

Preamble to the 2021 Compendium

by Andy Haldane

Chief Economist, Bank of England


There are many reasons why events in 2020 will be etched into the history books. The global pandemic has resulted in huge numbers of casualties, with millions of lost lives and hundreds of millions of lost livelihoods. The scars of these losses will be felt for many generations to come. And these losses have been highly unevenly distributed across society, with the heaviest burden often felt by the young, the poor, the least-skilled and minorities. Pre-COVID inequalities of incomes

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