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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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WDEV Recent Issues

Issue 4/Jul-Aug 2008

Global Stagflation? + New LDC Report + Reforming Conditionality + Global Economic Insecurity + G5 Political Decalaration

Issue 3/May-Jun 2008

Food: The Speculation Factor + New Green Revolution? + Livestock: Global Value Chaines + REDD: Manaus Declaration + Aid Effectiveness

Issue 2/Mar-Apr 2008

Global Food Crisis + Zoellick's Blueprint for the Bank + Ilisu and Western Credibility + Spreading Benefits of Globalisation + Women and Decent Work

Issue 1/Jan-Feb 2008

EU-India Free Trade Talks: In Whose Interest? + The Risk of a Global Economic Recession + FDI at New Heights + EITI Beyond German G8 Presidency + Are We 'All Keynesians Now'? + South-South Cooperation against Child Labour

Issue 6/Nov-Dec 2007

Lisbon EU-Africa Summit + Shift in Globalisation Debate + Trade Unions and Globalisation + The Falling Dollar + The Biofuel Debate in Brasil + Agentina's Comback without the IMF

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