the world is headed for stagflation next year. That's
according to the latest Bloomberg survey of professional and retail
investors, what stagflation, anyway, it's a scenario
when inflation remains above average, even as growth slows
, that would be a nightmare for the Federal Reserve
and other central banks that have spent most of this
year deploying jumbo rate hikes to rein in inflation in
a stagflation scenario. That would mean that those rate
hikes will have been in Effective in curbing prices even
as economic demand slows, about a third of investors
are even more downbeat and expect a deflationary recession,
which means that both economic output and prices fall.
Meanwhile, they see plenty of risks in the housing
market's. Most investors expect a 20% plunge in house
prices in a major economy globally, with Canada and
the UK seen as the most vulnerable to this risk
Overall, one thing's for sure, 2023 is a
year for the pessimists.