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Stagflation: Have the central banks scheduled a rerun of That 70s Show?
Synopsis
Fears of stagflation may not be unfounded as data suggests we are in the midst of a stagflation-type shock. But are we right in comparing today's economic situation with that of the 1970s and 80s? We look at how is the global economy, including India, doing right now and what are the similarities and differences between today and the era of the Great Inflation
2022 is beginning to look a lot like the 1970s. Raging oil prices, hawkish central banks and the mood on the Street point to stagflation, which occurs when an economy experiences rising inflation, slowing growth and increased unemployment at the same time. A recent fund manager survey by the Bank of America sees stagflation expectation at 66% compared to 62% a month before. This is at the highest level since 2008. In short, stagflation is the
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