“We’re coming out of an extraordinary period that’s not been seen before in history,” Moody’s William Foster told CNBC.
But according to Saxo Bank's Jakobsen:"We still have double digit increases in the rental market. That is not going to create a recession."
"We live in a period of multiple shocks – from Covid 19 over energy prices to political deglobalization – which make predictions extremely difficult," he told CNBC by email. The current situation of"stagflation" — when high inflation and economic stagnation occur simultaneously — is historically rare, he continued, though not completely unprecedented.
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