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23 Articles
While the American economy was already close to "stagflation" before the outbreak of war in the Middle East, the ongoing conflict now poses a "fairly high" risk, according to Nobel Prize winner Joseph Stiglitz.
Geneva. The war in the Middle East puts the U.S. at high risk of falling into stagflation, a combination of high inflation and economic stagnation, AFP Joseph Stiglitz, the Nobel Prize for Economics, declared Monday. “The risk of stagflation seems to be quite high for the U.S.,” he said in an interview.According to the economist, even before the war broke out, on February 28, the U.S. economy was already “near the stagflation.” And the current c…
According to the economist, even before the war broke out, on February 28, the U.S. economy was already “near the stagflation.”
Joseph Stiglitz, former chief economist of the World Bank and co-recipient of the 2001 Nobel Prize in Economics, believes that the United States remains most exposed to the risk of stagflation due to the war in the Middle East, as was the case during the oil shocks of the 1970s, in an interview with AFP on March 16, 2026. Economist Joseph Stiglitz warned on Monday that the United States faces a significant risk of stagflation. The Nobel laureate…
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