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Rob Carnell: ‘Sadly, we’re not going to get stagflation’
Stagflation will not be a consequence of the Covid-19 crisis. So says ING's Rob Carnell who thinks it could be a solution to the huge debt problems the world is encountering, but we couldn't make it happen if we tried
Bottom line: We’re not going to get stagflation
High unemployment, high inflation, low growth - many economists think that's what we're going to get as the world emerges from the Covid-19 crisis. But ING's Rob Carnell is not one of them. Unlike the last time stagflation was a major feature around the world in the 1970s, he says manufacturing has been in terminal decline and there's no mechanism to drive prices ever higher through inflated wages.
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29 May 2020
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more