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Stagflation light : economic outlook

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      <subfield code="a">Stagflation light</subfield>
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      <subfield code="a">The global economy is facing an unprecedented mix of challenges which are bringing it to the brink of recession in 2023. Stubborn inflation is the most dire challenge, which has far-reaching knock-on effects across the entire economy. We now find ourselves in a much-feared stagflation' reality  one characterised by low GDP but high price growth. Central banks have undertaken an aggressive tightening path to help prevent entrenchment of high prices and low growth. While this comes at a cost to global demand, it may just be enough to ensure stagflation- light'. </subfield>
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