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Nobel laureate Joseph Stiglitz warns U.S. stagflation risk is rising due to Middle East war, tariffs, and oil price spikes.
Nobel laureate economist Joseph Stiglitz warned on March 16, 2026, that the U.S. faces a "quite high" risk of stagflation due to the Middle East war, which has disrupted oil flows through the Strait of Hormuz and driven global oil prices up 40% to 50%.
He cited weak growth, rising inflation, and declining labor force participation as pre-existing vulnerabilities worsened by the conflict, U.S. tariff policies, and a loss of confidence in the dollar.
While tech and AI sectors have driven stock market gains, broader economic stagnation persists, with business investment hampered by uncertainty over tariffs, energy prices, and the war’s duration.
Unlike Europe, which may see growth from defense spending, the U.S. faces a confluence of headwinds threatening long-term stability.
El premio Nobel Joseph Stiglitz advierte que el riesgo de estagflación de los EE.UU. está aumentando debido a la guerra de Oriente Medio, los aranceles y los picos de precios del petróleo.