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Stagflation fears are back [View all]
Stagflation fears are back
Courtenay Brown
https://www.axios.com/2025/08/02/stagflation-economy-inflation-growth-trump
America is showing new signs of stagflation — inflation running hotter, the job market suffering new weakness, and economists warning both are at risk of getting worse in the months ahead.
Why it matters: The word "stagflation" revives miserable memories of the 1970s, when Americans faced a dreadful combination of higher prices and few job opportunities.
The big picture: This was the week mainstream economists were vindicated.
Predictions of weaker growth and more persistent inflation — the "stag" and the "flation" — looked farfetched, until now.
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