Rising Oil Prices Intensify Global Stagflation

Rising Oil Prices Intensify Global Stagfl ation By Evangelos Otto Simos INTERNATIONAL ECONOMIC OUTLOOK Rising Oil Prices Intensify Global Stagfl ation By Evangelos Otto Simos INTERNATIONAL ECONOMIC OUTLOOK Dr. Simos is Director of Forecasting at e forecasting.com, a division of Infometricas Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A., www.infometrica.com, eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and financial markets. Neither the Journal nor Infometrica, Inc. guarantee the accuracy of the projections, nor do they warrant in any way that the use of information or data appearing here in will enhance operational or investment performance of individuals or companies who use it. The views presented here are those of the author, and in no way represent the views, analysis, or models of Infometrica, Inc. and any organization that the author may be associated with. I. GLOBAL ASSESSMENT AND OUTLOOK I I n the International Economic Outlook entitled “The Great Stagflation of 2010-2011,” published in the summer 2009 issue of this Journal, we had predicted “… the global economy will experience ...