In the News
Will the global supply chain process lead to stagflation?
22nd September 2021
Nouriel Roubini raises the spectre of stagflation - which students and their parents - might have to look up.
However, it's a phenomenon associated with the supply-side shocks of the 1970s and implies sluggish growth, high inflation, and led eventually to rising unemployment too.
He identifies a number of things likely to precipitate this, stemming from shocks to the global supply chain and wonders how things are going to play out as a consequence.
If you don't want to know the score...look away now!
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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