How to invest during stagflation

Trump’s tariffs look poised to push the global economy into a period of stagflation. We look at how to ensure your investments can survive a global slowdown.

Businesswoman with turtle near stack of coins implying slow growth and stagflation
(Image credit: PrathanChorruangsak via Getty Images)

Investing at its core involves putting your money to work to generate growth over the long term, with the gains (hopefully) beating inflation. But how can you invest during stagflation, when growth is low or non-existent, and inflation is high?

Stagflation is a dangerous combination of stagnant growth and rising inflation. In economic terms, the two are conceptual opposites: high inflation is usually associated with increased growth, due to higher demand for goods.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.