By Naziya Alvi Rahman New research from the Centre for Independent Studies (CIS) reveals that government spending is fueling inflation, while private sector growth has stagnated, signalling a potential structural shift in Australia’s economy. The findings come against the backdrop of Australian Bureau of Statistics data confirming an increase in government spending by 1.4 percent. […]
Tag: Stagflation
In economics, stagflation or recession-inflation is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.
