1970s-style stagflation now playing on central bankers' minds
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Shutterstock“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.
The last time the world experienced it was the early 1970s, when oil-exporting countries in the Middle East cut supplies to the United States and other supporters of Israel. The “supply...
Read more: 1970s-style stagflation now playing on central bankers' minds
