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Stagnation is global economy’s biggest risk in 2022

Stagnation is global economy’s biggest risk in 2022

Stagnation is global economy’s biggest risk in 2022

Image : Arab News

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RIYADH: Stagnation is more of a risk to the global economy in 2022 than stagflation, Arab News quoted a report from Japanese company Nomura Holdings, as showing.

In a 2022 outlook report released on Friday, December 10, economists at the firm warned that many countries will see a “dominance of cost-push inflation, the bad type of inflation that squeezes profit margins, erodes real household income and tends to self-correct when demand is weak.”

This will come as economies across the globe are still seeking to get back on their feet after the Covid-19 pandemic.

Growth could slow as profits fall, household income is squeezed by higher inflation, and the demand drops, as the people opt to put money into savings.

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