Economist Nouriel Roubini Warns of ‘Growing Stagflationary Storm’

Nouriel Roubini, professor of economics and international business at New York University, testifies on Capitol Hill in Washington, on Oct. 30, 2008. Win McNamee/Getty Images

Economist Nouriel Roubini has warned that advanced economies and emerging markets are facing a “growing stagflationary storm” following a string of aggregate supply shocks and rising costs.

Stagflation is a period marked by both rising inflation and increasing unemployment, something the United States has not experienced since 1980.