WHAT CAN BE WORSE THAN A RECESSION
Stagflation is a rare economic phenomenon that combines two or three negative economic trends that normally do not occur together: high inflation, poor growth, and rising unemployment. It has only occurred two or three times in the past 100 years.
But when stagflation does arrive, it is very hard to overcome because the monetary policy tools typically used to defeat one of those trends tend to make the others worse. Stagflation can create so much misery for the people living through it that economists call one tool they use to measure it the “Misery Index.”
About the author : Darlene
Darlene Gagnon is an award-winning entrepreneur recognized by the National Association of Women Business Owners and is an Enterprising Women Inspirational Entrepreneur. She served on the board of directors for Entrepreneurs’ Organization and has mentored entrepreneurs and start-ups for over a decade. Her two companies, WeKinnect Global Branding Agency and Kinetic Promotional Product Services, have been recognized as “Best Places to Work” and “Largest Agency” by American City Business Journal. Both companies serve the US, Canadian, European, and Australian markets. Both companies are located in The Woodlands, Texas, with teams in Canada, the Philippians, and India. Her digital marketing and advertising agency services in English-speaking countries around the world.