Stagflation reminiscent of the 1970s is currently on central bankers’ minds.
June 29, 2022
“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.
“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.
Reserve Bank of Australia governor Phillip Lowe has invoked memories of the 1970s, warning wage growth must be restrained to contain Australia’s surging inflation.
Six months ago, negotiators at the United Nations’ Glasgow climate summit celebrated a series of new commitments to lower global greenhouse gas emissions and build resilience to the impacts of climate change.