Increasing Cost of Everything Implies Stagflation, Risks Recession

1. Increasing Cost of Everything Implies Stagflation, Risks Recession According to Bloomberg News, the economy across the globe is at the risk of stagflation and impending recession as prices of metal, food, and fuel escalate after Russia’s Ukraine invasion. The impending risks of recession Following fresh speculations that the government might impose sanctions on the energy supplies of Moscow caused the price of oil to become $130 per barrel at one point. The price of gas in Europe continued to be higher after it became doubled last week, and the cost of wheat is at a record price after the exit of Ukraine as one of the top suppliers of the crop. Other metals, copper and palladium, kept rising as well. The economists at JPMorgan and Barclays Plc are the ones that have kept the forecast lowered for growth across the globe and increased them for the consumer prices. Both are expecting that there

2. might be an expansion accounting for a percentage point weaker in comparison to inflation by a percentage point stronger in comparison. Stagflation, it is expected, will sharpen trade-offs between inflation and expansion. To offset the pain, governments face pressure through greater spending, for instance, to protect the poor from higher energy costs with subsidies. Meanwhile, the central banks have to tread cautiously even as the US Federal Reserve appears to set so that the interest rates are raised. You can read the full content: https://businessupside.com/2022/03/08/increasing-cost-of-everything- implies-stagflation-risks-recession/ -------------------------- Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1