Economic reports warn of Connecticut stagflation, recession

Economic reports warn of Connecticut stagflation, recession

A new report issued by National Business Capital found Connecticut is the second most at-risk state in the country for entering stagflation, an economic condition in which high inflation is coupled with low job growth, rendering the economy stagnant. According to the report, Connecticut was next in line as a high stagflation risk state after California, with Connecticut showing high personal expenditures coupled with low productivity and underem…