In November, the inflation rate in Germany was 5.2 percent, as high as it was 29 years ago. The OECD is expecting economic growth for the new year, but sees “enormous uncertainties” due to Corona and the ongoing delivery bottlenecks.
The pessimistic scenario of rising prices and a standstill economy is described as “stagflation”. Handelsblatt financial market expert Frank Wiebe analyzes how realistic such a scenario is and what role the central banks’ monetary policy plays in it. He also looks at stocks with which investors can even benefit from higher prices.
In addition: The Turkish lira is at a new record low, and inflation in Turkey is rising by over 20 percent. In the midst of this severe currency crisis, the finance minister submitted his resignation. Our Turkey correspondent Ozan Demircan reports on the background and the consequences.
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