l****z 发帖数: 29846 | 1 Stagflation Warnings
Some caution signals are flashing on the global economy amid growing
concerns of stagflation — slowing growth with high inflation.
The World Bank slashed its global growth forecast to 2.9% for 2022 from 5.7%
in 2021, warning that Russia's invasion of Ukraine has compounded the
impact from the COVID-19 pandemic, and many countries now face recession.
The bank also warned that the world economy could slip into a period of
stagflation similar to the 1970s.
Meanwhile, a key gauge of economic growth is suggesting the U.S. economy
could be on the brink of a recession. The Atlanta Federal Reserve’s GDPNow
tracker is now pointing to an annualized gain of just 0.9% for the second
quarter, down from an estimated 1.3% increase less than a week ago. With
first quarter growth down 1.5%, a second quarter of negative growth would
meet the definition of recession.
Treasury Secretary Janet Yellen warned that the U.S. could be facing a long
period of inflation. Yellen told U.S. lawmakers that the White House would
likely revise upward its inflation forecast to 4.7% for this year. Last
month, Yellen also warned that higher food and energy prices amid the war in
Ukraine are leading to “stagflationary effects.” |
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