Article
The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place
The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place
By Peter de Groot, Head of Macro Strategy at Rabobank
The Inflation Regime That Doesn't Fade
As we noted at the outset of the Gulf conflict, history rarely repeats – but it often rhymes. The closure of the Strait of Hormuz is increasingly revealing a familiar pattern: the building blocks of a global stagflationary shock are falling into place.
A closer look across inflation indicators in advanced economies shows a clear and consistent structure. The upstream impact has been immediate and...
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