Not so long ago JP Morgan supremo, Jamie Dimon penned an article talking about the issues that America could face in the next 12 – 24 months.
People all keep taking about recession, and here in NZ it is no different.
But with the US Military operation on the weekend in Iran, things might have changed greatly for many struggling economies globally.
With the Iranian government now voting to close the vital shipping lane, the Straight Of Hormuz, which will quite likely disrupt the supply of oil, and other global supplies.
We all know that as the price of oil goes up, so does just about everything else. Anything that needs freight for a start.
Stagflation is a combination of high inflation, stagnant growth, elevated unemployment, and weak demand.
Is NZ about to suffer from stagflation?
