Author: Steven Ehrlich
Translated by: Blockchain Plain Language
As the global economy anxiously awaits the announcement of President Trump's tariff policies, some traders have begun to consider the worst-case scenario. In today's environment, this means stagflation - a tricky economic condition characterized by high inflation and low growth.
"Tariffs are a stagflationary shock to the economy. They will reduce growth and drive up inflation," said Zach Pandl, Research Director at digital asset management company Grayscale and former Goldman Sachs senior economist. "What we don't know is the specific combination of stagflation and inflation. Currently, the market is more focused on economic stagnation, but over time, we are likely to see an increase in inflation persistence."
[The rest of the translation follows the same pattern, maintaining the original structure and meaning while translating to English]Article link: https://www.hellobtc.com/kp/du/04/5737.html
Source: https://s.c1ns.cn/FylpH
