US EditionWhat’s stagflation and why does the rising risk of it matter?
2 Articles
2 Articles
The rise in the price of oil due to the conflict in the Middle East has rekindled fears of stagflation, a “exceptional” phenomenon that occurs when high inflation and stagnant economic growth coexist. This situation reduces the purchasing power of citizens and complicates economic recovery. Unlike a recession, where the fall in demand tends to moderate inflation, prices continue to rise in stagflation despite economic stagnation. Economist Moham…
What’s stagflation and why does the rising risk of it matter?
High inflation is bad enough on its own — but what about when it comes with high unemployment and stagnant economic growth? This pairing is what is known as stagflation, a rare economic phenomenon. And lately, concerns are cropping up that the U.S. economy could be showing signs of it. “Persistent inflation above the Federal Reserve’s target and the job market slowdown had already prompted worries,” said CNBC. Then “surging oil prices due to the…
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