What Does Stagflation Mean for the Global Economy?
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What happens when global growth slows, and inflation rises? On the latest episode of The Development Podcast, we explain why stagflation matters, where we’ve seen it before, and what governments can do to temper it. World Bank forecasting expert Franziska Ohnsorge, and debt expert Marcello Estevão give the big picture, while Mexican economist Enrique Cárdenas explains what it felt like to experience stagflation during the so-called “lost decade” of the 1980s.
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