Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
The US Federal Reserve has likely made its last rate cut of 2025, and inflation can be expected to remain elevated while jobs data continues to deteriorate — conditions that point to the early stages of stagflation.
