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Opinion
Mark Gilbert

Stagflation Is Sexy. It May Also Be Unlikely.

Central bankers worried about growth stagnating at the same time as prices soar may be jumping at shadows.

Not quite.

Not quite.

Source: Bloomberg

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Since the beginning of 2020, the number of headlines featuring the word “recession” from 150,000 news sources on the Bloomberg terminal has increased by 345%. With consumer prices roaring ahead, stagflation is imminent, right? Wrong, argues Matt Winkler. Economists surveyed by Bloomberg put the chances of a US recession at 30%. While that’s doubled since the end of January, it’s “not historically remarkable,” says Matt.