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Back to the 1970s?

While the parallels with the 1970s have been building, we remain unlikely to see the scale of stagflation witnessed back then. The main difference now is the apparent determination of central banks to prevent high inflation becoming persistent. There is a growing risk, though, that this policy tightening – coming on top of the cost of living squeeze – will come at the cost of a sharp slowdown in economic growth. Long Run Outlook Drop-In (23 March, 11:00 EDT/15:00 GMT): What will be the lasting impacts of the war in Ukraine? What legacies will the pandemic leave? What does a future of higher inflation mean for economies and markets? Neil Shearing hosts this special discussion with senior economists about the long-term investing outlook on Wednesday. Register here.

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