Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“The spectre of stagflation has reared up over the UK economy with the growth forecast revised sharply downwards while higher prices are set to be entrenched for many months to come. The invasion of Ukraine and soaring commodity prices have upended previous forecasts from the UK’s independent Office for Budget Responsibility, which now expects the economy to grow at a much slower pace of 3.8% this...
Harnessing monetary and fiscal policy for a changing world
Wednesday 17 November 2021 – Vol.12 Ed.46.3
Commentary: Climate crisis will bring global stagflation
By Taylor Pearce in London
How much power do central banks have to address the climate change crisis? The answer, it would seem, is not much, especially if the implementation of global climate policy is postponed. Climate change will have a global stagflationary effect overall and will need to be addressed by tighter monetary policy....