The Spectre of Global Stagflation
A deadly combination
Inflation is already rising in many advanced economies and emerging markets. Will rising global inflation lead to a sharp global economic slowdown? Even worse, will it revive stagflation, that deadly combination of rising inflation and negative growth? US economist Nouriel Roubini analyzes the perspectives of the world economy and the danger of a global stagflation.
There are signs of likely economic contraction in many advanced economies (the United States, the United Kingdom, Spain, Ireland, Italy, Portugal, and Japan). In emerging markets, inflation has – so far – been associated with growth, even economic overheating. But economic contraction in the US and other advanced economies may lead to a growth recoupling – rather than decoupling – in emerging markets ...
... this article comes up in WDEV 4/Jul-Aug 2008 and is for subscribers only. For direct log in >>> click here. If you have no subscription >>> pick your option or >>>
... buy the article here >>>
|
Add to My WDEV. |
(C) 2006/2007/2008 - All rights reserved