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2022-05-08

An Official Denial Suggests Stagflation is Now the Base Case for Europe

 



ECB’s President Christine Lagarde says "Stagflation Isn’t the Base Case." 

Via Bloomberg

“Stagflation isn’t our baseline scenario presently,” Lagarde told the Slovenian newspaper Delo in an interview published Saturday. “While extraordinarily large uncertainty could cause a slowdown in economic growth accompanied by high inflation, the current situation can’t be compared to that of the 1970s.”


Mish 7 May 2022

An Official Denial Suggests Stagflation is Now the Base Case for Europe - Mish Talk - Global Economic Trend Analysis



 


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