World Bank slashes global growth forecast by nearly a third and warns of stagflation

The World Bank has slashed its global growth forecast by nearly a third for 2022, warning that the risk of 1970s-style ‘stagflation’ is increasing and saying many countries now face recession. ‘The danger of stagflation is considerable today,’ World Bank

Read More World Bank slashes global growth forecast by nearly a third and warns of stagflation

Billionaire hedge funder Ray Dalio warns stagflation will send America back to the 1970s

Billionaire hedge fund founder Ray Dalio has warned that the US economy is headed for ‘stagflation’ similar to that of the 1970s.  ‘I think that most likely what we’re going to have is a period of stagflation. And then you

Read More Billionaire hedge funder Ray Dalio warns stagflation will send America back to the 1970s

Sec Janet Yellen admits inflation is high but insists it is ‘nothing like the ’70s’ stagflation

Departemen Keuangan Janet Yellen bersikeras bahwa meskipun harga barang-barang sehari-hari naik, inflasi tidak akan mencapai tingkat yang menimbulkan kekacauan sepanjang tahun 1970-an. Yellen mengklaim bahwa perbedaan antara era itu dan sekarang adalah bahwa orang Amerika mempercayai pemerintah untuk menangani masalah

Read More Sec Janet Yellen admits inflation is high but insists it is ‘nothing like the ’70s’ stagflation