Geneva, March 16, 2026 (AFP) - Stagflation risk in US 'quite high': Nobel-winning economist Stiglitz

NAMPA / AFP

2026-03-16

The war in the Middle East has put the United States at high risk of falling into stagflation, Nobel Prize-winning economist Joseph Stiglitz told AFP on Monday. Even before the war erupted on February 28 with a barrage of US and Israeli strikes on Iran, Stiglitz said the US economy was already "close to stagflation" -- a troublesome blend of high inflation and anaemic growth. There were a number of "readings for slow growth before the war", he sa......

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