Professor Emeritus of Economics at New York University, Nouriel Roubini speaks to Project Syndicate (PS) on that and more. Project Syndicate: In your latest PS commentary, you reaffirmed your expectation that monetary authorities’ efforts to rein in inflation will “cause both an economic and a financial crash,” and that “regardless …
Read More »World Bank downgrades 2022 global growth forecast to 2.9 pct, warns of stagflation risk
Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality Washington, U.S. | Xinhua | The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global …
Read More »The gathering stagflationary storm
Impact of negative aggregate supply shocks that have curtailed production and increased costs COMMENT | NOURIEL ROUBINI | The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a …
Read More »ECB poised to normalize monetary policy
Frankfurt, Germany | Xinhua | The European Central Bank (ECB) unveiled on Thursday a roadmap to wind down stimulus policies and possibly raise interest rates later in 2022. The decision to taper and possibly reverse a years-long policy of negative interest rates came at a time when inflation in the euro …
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