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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 ...

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The G20's unfinished business: The potential of SDRs + Compensating poor food importers + EU strategy on aquaculture + World Bank suspends labour indicator

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