It is exactly 50 years since the Organisation of the Petroleum Exporting Countries (OPEC) imposed an oil embargo on America, turning a modest inflation problem into a protracted bout of soaring prices and economic misery. Now the stagflation of the 1970s – portmanteau of slowing growth and elevated inflation – is reawakening.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA) at MUFG, discusses MUFG’s latest commodities thought leadership report that provides a comprehensive examination into the commodities outlook alongside our updated forecasts – see here for the full report.