Developed Markets Update: Stagflation Risks Are Rising, But Remain A Tail Event
Wednesday, 27th April 2022
11:00 London BST
Developed markets are facing rising stagflation risks as energy prices surge, weighing on companies and consumers via higher inflation and weaker demand.
While risks are to the downside, stagflation is not our near-term core scenario. Shock-absorbers will come from stronger household balance sheets; tight labour markets; and government support to partially shield households and businesses from elevated energy prices.
Topics covered will include:
- Downside factors behind stagflation risks
- Which DM markets are more at risk of stagflation
- Upside factors that keep stagflation a tail risk
Prior to joining Fitch Solutions, Daniele worked for almost seven years as Country Risk Analyst at Dun and Bradstreet, covering Southern European economies. He has an MSc in Economics and an MBA from the Politecnico di Milano and a Masters in International Business from the Florida International University's Chapman College of Business. His main areas of expertise are macroeconomic analysis and forecasting and econometrics.
THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.