Disruptive Ideas

A Year Of Stagflation: Growth Contraction and Still-Elevated Inflation, with Difficult Dilemmas for Central Banks

by Nouriel Roubini, Brunello Rosa and Nato Balavadze
23 December 2022

In this paper we discuss:

  • Key themes and risks for 2023: Stagflation ahead;
  • Economic activity: macroeconomic assessment and forecasts for growth, labour markets and inflation;
  • How policy inconsistencies will continue to emerge in 2023;
  • Why fiscal policy is likely to become more austere, while trying to provide support to economic activity;
  • Why Central Banks will be forced to "blink;" and
  • Market Implications for equities, bonds, currencies, alternatives and infrastructure spending.

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Download PDF: Global Outlook 2023 - December 2022

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