Why the World is Worried About Stagflation
Economists and finance pundits across the world are warning about the comeback of stagflation, when stagnation in economic growth and rise in unemployment is accompanied by high inflation. They say that the world economy must go through a tough period so that things could improve later on. But do they really care about jobs and prices? No, their real aim is to ensure corporate entities keep making high profits and financial assets don’t lose value.
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