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null Stagflation? Recession? Where Is the War in Ukraine Taking Us?

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Stagflation? Recession? Where Is the War in Ukraine Taking Us?
09 Mar 2022
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Clock 25 mins.
CATEGORIES: AER Global Global Macro Global
ANALYSTS:
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Leopoldo Torralba
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Ignacio de la Torre
Given the pace of events in the Ukrainian conflict, and the emerging uncertainties as to whether we are on the verge of a recession or stagflation (paralysis of growth with high inflation), we have analysed potential scenarios opening up in terms of growth, inflation, and rates, in general, and in Spain. In particular, we spell out in detail all the upside and downside risks that affect the analysis in order to determine the potential final net impacts
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