The spectre of “stagflation”: high energy prices, high interest rates and weak growth
Report by Pablo Duarte The market is faced with a robust US economy and a weak eurozone: inflation is rebounding, driven by energy prices, whilst geopolitical risks are mounting. At the same time, expectations regarding interest rates are increasingly diverging, and global growth forecasts have been revised downwards. The global economy is reeling, energy costs remain sky-high, the war in Iran is driving up transport costs and fuelling serious fears…
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