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What is stagflation, explained — and whether the economic crisis could return from Trump’s trade war
Together, those three economic adversaries — slowing growth ... All of that highlights the stickier nature of inflation. In 1973, for example, consumer prices rose by an average 3.3 percent.
When the Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo on the United States in 1973 ... economic research at Fitch Ratings, told Barron’s. If a stagflation crisis ...
Last witnessed in the US in the 1970s after the oil crises of 1973 and 1979, stagflation is caused by a combination of high inflation, slow economic growth and a rapid rise in unemployment.
It was a war on Christmas — by a Republican president, no less. In 1973, in the face of a debilitating energy crisis, President Richard M. Nixon lit a National Christmas Tree sporting just a ...
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