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Economists See Increasing Risk of Recession and Stagflation

The Breakdown

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Stagflation - The Simplest Possible Definitions of the Term

Stagflation is either persistent low or negative g p growth, or a period of high inflation that also sees slow economic growth and high unemployment. The term was coined in the mid six s in the united kingdom, and by the end of that decade, the united states had joined the u k. Stagflation put into overdrive by the oil shock in 19 73 when other western nations were embargoed from purchasing soudy oil.

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