Inflation, Stagflation or Recession: Where Is the Economy Headed?
Table of Contents
What’s happening
Inflation is steep and economic growth is sluggish. Economists say that a recession, or even stagflation, is a high risk.
Why it matters
Stagflation (a rare combination of high inflation and high unemployment) ravaged the US economy in the 1970s and early 1980s.
What it means for you
Soaring prices mean that gas, food and necessities are more expensive, and a slow economy means it’s harder for Americans to earn money, secure employment and save.
The economy is scary right now. Prices for basic consumer goods are skyrocketing, and wages aren’t…
