After Declaring That Inflation Was Only “Temporary,“ the European Central Bank Now Denies That Stagflation Is Likely
The Frankfurt-based central bank stated in a report released on Tuesday that it does not think the area will experience stagflation, which occurs when high inflation is combined with slow economic growth and high unemployment, like it did in the 1970s. Stagflation, according to the ECB, is defined as inflation… Continue reading
