Supply chain woes from Covid and energy may spark ’70s-style inflation, economist Stephen Roach warns
Economist Stephen Roach is warning that the U.S. may be on a collision course with 1970s-type inflation.
Crude oil topped $80 a barrel this week for the first time since 2018 before settling to the mid-$70s.
‘One supply chain glitch away from stagflation’
Stagflation refers to pressures that push prices higher during periods of slowing growth.
Reference: CNBC
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