In the News
Will the global supply chain process lead to stagflation?
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.
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