Stagflation for the ages | World Finance

Stagflation for ages

In the midst of seismic changes in commercial policy, supply chains and political interference in the central bank, the world can go towards a lasting slowdown which competes with the turbulence of the 1970s as protectionism increases and that global economic uncertainty is deepened

By Stephen Roach, member of the faculty of the University of Yale and former president of Morgan Stanley Asia

July 11, 2025