You are currently viewing The economy has seen an ugly week with the Iran war, reviving memories of stagflation; but it is better cushioned for oil shocks and sluggish job growth—with one big exception, writes WSJ’s Greg Ip

The economy has seen an ugly week with the Iran war, reviving memories of stagflation; but it is better cushioned for oil shocks and sluggish job growth—with one big exception, writes WSJ’s Greg Ip




The U.S. is a net petroleum exporter and productivity is improving, but the bigger risk is stubborn inflation.
2026-03-08 09:30:00
Greg Ip