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World Bank chief economist worried about 'generalized stagflation' in global economy

Friday, September 16, 2022
World Bank chief economist worried about 'generalized stagflation' in global economy

WASHINGTON (Reuters) - World Bank chief economist Indermit Gill on Thursday said he was concerned about "generalized stagflation," a period of low growth and high inflation, in the global economy, noting that the bank had downgraded forecasts for three-quarters of all countries.

Gill, who took over his new role on Sept. 1, told reporters at a briefing in Washington that Russia's war in Ukraine and the spillover effects had changed the outlook significantly.

"Six months ago we were really concerned about a slowing recovery and very high prices of some commodities, and now I think we are much more concerned about a generalized stagflation, which brings back really bad memories of the mid-1970s and the last decades," he said.

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04-10-2023 07:20:18 (UTC+7)

EUR/USD

1.0473

+0.0008 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0473

+0.0008 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2082

+0.0007 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

USD/JPY

149.16

+0.14 (+0.10%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.6310

+0.0009 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.3707

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

EUR/JPY

156.22

+0.25 (+0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

EUR/CHF

0.9647

+0.0007 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,839.30

-2.20 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

Silver Futures

21.390

+0.013 (+0.06%)

Summary

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Moving Avg:

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Sell (0)

Indicators:

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Sell (0)

Copper Futures

3.6190

+0.0020 (+0.06%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (9)

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Crude Oil WTI Futures

89.47

+0.24 (+0.27%)

Summary

↑ Buy

Moving Avg:

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Sell (2)

Indicators:

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Brent Oil Futures

91.09

+0.04 (+0.04%)

Summary

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Moving Avg:

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Natural Gas Futures

2.942

0.000 (0.00%)

Summary

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US Coffee C Futures

148.80

-0.30 (-0.20%)

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Moving Avg:

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Euro Stoxx 50

4,095.45

-42.18 (-1.02%)

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Neutral

Moving Avg:

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Indicators:

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S&P 500

4,229.45

-58.94 (-1.37%)

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DAX

15,085.21

-162.00 (-1.06%)

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Indicators:

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FTSE 100

7,470.16

-40.56 (-0.54%)

Summary

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Sell (9)

Hang Seng

17,276.00

-533.66 (-3.00%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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US Small Cap 2000

1,724.80

-32.02 (-1.82%)

Summary

Neutral

Moving Avg:

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Sell (1)

Indicators:

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Sell (5)

IBEX 35

9,165.50

-153.50 (-1.65%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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Sell (8)

BASF SE NA O.N.

41.760

-0.130 (-0.31%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

43.88

-0.99 (-2.20%)

Summary

Buy

Moving Avg:

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Sell (6)

Indicators:

Buy (6)

Sell (3)

Allianz SE VNA O.N.

220.95

-1.75 (-0.79%)

Summary

↑ Buy

Moving Avg:

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Sell (4)

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Adidas AG

160.72

-3.88 (-2.36%)

Summary

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Moving Avg:

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Sell (1)

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Buy (4)

Sell (2)

Deutsche Lufthansa AG

7.247

-0.213 (-2.86%)

Summary

Buy

Moving Avg:

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Sell (6)

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Sell (2)

Siemens AG Class N

133.10

-1.34 (-1.00%)

Summary

Neutral

Moving Avg:

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Indicators:

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Deutsche Bank AG

9.931

-0.185 (-1.83%)

Summary

↑ Buy

Moving Avg:

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Sell (2)

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Buy (9)

Sell (0)

 EUR/USD1.0473↑ Buy
 GBP/USD1.2082↑ Buy
 USD/JPY149.16Sell
 AUD/USD0.6310↑ Buy
 USD/CAD1.3707↑ Sell
 EUR/JPY156.22↑ Buy
 EUR/CHF0.9647↑ Buy
 Gold1,839.30↑ Buy
 Silver21.390↑ Buy
 Copper3.6190↑ Buy
 Crude Oil WTI89.47↑ Buy
 Brent Oil91.09↑ Buy
 Natural Gas2.942↑ Sell
 US Coffee C148.80↑ Buy
 Euro Stoxx 504,095.45Neutral
 S&P 5004,229.45↑ Buy
 DAX15,085.21↑ Sell
 FTSE 1007,470.16↑ Sell
 Hang Seng17,276.00↑ Buy
 Small Cap 20001,724.80Neutral
 IBEX 359,165.50↑ Sell
 BASF41.760↑ Buy
 Bayer43.88Buy
 Allianz220.95↑ Buy
 Adidas160.72↑ Buy
 Lufthansa7.247Buy
 Siemens AG133.10Neutral
 Deutsche Bank AG9.931↑ Buy
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Cập nhật 04-10-2023 07:20:20
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RON 95-V25.37025.870
RON 95-III24.84025.330
E5 RON 92-II23.50023.970
DO 0.05S23.59024.060
DO 0,001S-V24.45024.930
Dầu hỏa 2-K23.81024.280
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WTI$88.40+6.390.08%
Brent$90.62+4.960.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.180,0024.550,00
EUR24.859,2526.224,03
GBP28.671,8729.892,56
JPY158,19167,45
KRW15,5018,88
Cập nhật lúc 07:16:53 04/10/2023
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