BCA Research's chief investment strategist Marko Papic predicts that the US and world economy could enter a period of deflation by the end of this decade. He argues that the Iran war could trigger a surge in capital expenditure across industries, leading to over-investment and downward pressure on prices. Papic notes that deflation can be harder to resolve than inflation, posing a potential challenge for policymakers.
Related Articles
Don't miss out on breaking stories and in-depth articles.