‘Stagflation’
News, The Australian Economy | 27th October 2021
‘Stagflation’ is the simultaneous occurrence of persistently high unemployment with persistently high inflation, which many economies (including Australia’s) experienced in the second half of the 1970s and for part of the 1980s. Some economists fear it might be re-emerging now. I talk to ABC Business Reporter Gareth Hutchins about this possibility here.
Australians are concerned about