• Anticipation has grown for an onset of 'stagflation,’ a toxic blend of deteriorating growth and rising inflation, in the US and elsewhere.
  • Dismal stagflation in the 1970s forced a broad shift in thinking believed to better protect economies from the malady.
  • But it ‘isn’t just a relic of the past,’ says EY Chief Economist Gregory Daco, particularly at a time of greater government intervention and geopolitical friction.