Stagflation strikes back

Authored by Krishan Gopaul and Johan Palmberg

  • The risk of stagflation has increased materially since we addressed the topic last year
  • Europe appears to be at greater risk than the US, due to higher exposure to soaring commodity prices and a weaker economic position, but alarm bells could soon ring across the Atlantic, too
  • Year-to-date, gold has performed well, arguably reflecting the Ukraine crisis and the ongoing reflationary environment
  • But should stagflation become widespread it could provide further support for gold as a diversifier and risk hedge

Posted

Inflation Roundtable

During a virtual round table, in partnership with European Pensions, a panel of industry experts consider the medium and long-term prospects for inflation, its potential impact on portfolios and the hedging tools available for pension funds to prepare for whatever the future may hold.

Posted