According to the Korean Herald this morning, "The private think tank said in a report that annualized growth in gross domestic product would plummet to 3.3 percent in the second half, from 5.2 percent in the first half of the year."
Meanwhile US stock market centric economists, strategists, and portfolio managers alike are finally agreeing to agree that inflation is a reality. What no one seems to have any confidence in is the growth side of the "stagflation" equation.
This report out of the Korean Economic Research Institute should be commended for it's proactive assessment of likely risks.
Global Stagflation is here.