“Stagflation” is a phenomenon that has not recurred in the United States for almost a half century. It refers to the developments of 1973 - 1975 when sharply higher global oil prices simultaneously caused economic stagnation and a surge in inflation.
Stagflation: Back to the 1970's?
Stagflation: Back to the 1970's?
Stagflation: Back to the 1970's?
“Stagflation” is a phenomenon that has not recurred in the United States for almost a half century. It refers to the developments of 1973 - 1975 when sharply higher global oil prices simultaneously caused economic stagnation and a surge in inflation.