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Searching for new acronyms!
Geoff Riley
20th May 2008
Ok, the NICE decade seems to be over for now (NICE stood for non-inflationary consistent expansion) but what should we replace it with?
The Wall Street Journal Economics Blog reports that some UK economists are calling the next decade as VILE - volatile inflation, less expansionary
Nice ... but a more cycnical acronym might be built around Shrinking High Inflation Turbulence - dont put this in an exam though!
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.