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T. Rowe Price

2021 Top 500 ranking: 14

Pleasant Recession, Unpleasant Recovery

Pleasant Recession, Unpleasant Recovery

During normal recessions, pent-up demand for capital expenditure and durables build as the economy goes through a downturn. However, given the amount of income smoothing that the government has undertaken today, I believe there is less pent up demand, so in my view, the fiscal consolidation in 2022 and beyond ...

T.Rowe Price

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