Stagflation: What you need to know
What is Stagflation?Stagflation is a multifaceted economic issue that occurs when stagnation and inflation happen at the same time within a country's economy. This contradictory scenario poses a major dilemma for decision-makers, as it merges the detrimental effects of inflation, which reduces buying power, with those of stagnation, marked by slow economic development and elevated joblessness.The Origins and History of StagflationThe expression "stagflation" was first introduced in the 1960s, but its most significant occurrence took place during the oil crisis of the 1970s. During this era, several advanced economies faced rapidly increasing inflation paired with sluggish growth and higher unemployment…