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2026-03-20
03:57

Deutsche Bank: Current global energy trends are "strikingly similar" to the stagflation crisis of the 1970s

Deutsche Bank's Head of Research Jim Reid pointed out that the current global energy market trend is similar to that before the second oil crisis in the 1970s, especially in the 4-5 years following the inflation surge. However, the key difference between the two is that the high inflation expectations in the 1970s led central banks to adopt aggressive monetary tightening, whereas today's long-term inflation expectations remain stable.
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