Institutions: Global Economy Shows Strong Resilience, Current Stagflation Risk Far Lower Than During Russia-Ukraine Conflict

Odaily News According to a report by Benoit Anne from MFS Investment Management, given the underlying strength of the global economy, the current stagflation threat is far lower than it was after the Russia-Ukraine conflict in 2022. The head of the firm's market insights team stated that markets are concerned about a severe inflation shock following a sharp spike in oil prices, "but currently, we do not believe the risk of sustained inflation is the same." He noted that reassuringly, the inflation market appears to share this view. He pointed out that the US one-year inflation breakeven rate seems to have broken upward, while longer-term rates such as the five-year and ten-year have not changed significantly. (Jin10)