ECONOMY

Can you say stagflation?

What fuels the current inflationary expectations is the increasing commodity prices

14-Mar-2008
If you keep track of economic news these days, you notice that the word stagflation is frequently uttered by newscasters and economic analysts. This term was coined by economists to describe an unconventional phenomenon that took place in late 1970s: the simultaneous occurrence of high unemployment and high inflation. The combined unemployment rate and inflation rate, properly called the misery index, averaged over 17% from 1974 to 1981. It has been nearly 8% since 1993. >>>