KPMG's chief economist says the only clear way out of the Iran war for global economies is a 'deep recession' [Business Insider]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Stagflation and labor-market risks are growing as the Iran war continues. KPMG chief economist Diane Swonk says the "only clear way out" for the economy is a "deep recession." Swonk says the Fed is in a bind because the economy is being hamstrung by supply-side constraints. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What is stagflation, and why is it feared? What are supply-side constraints? What are the Fed's options in this situation? How does the Iran war impact global oil trade? How can a recession solve stagflation issues? As the Iran war raises stagflation risks for the global economy, a "deep recession" may be the only way out, says KPMG
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