The Economy's Resemblance to the 1970s Stagflation and its Effect on Stocks
Monday, 13 May 2024, 18:17
Understanding 1970s-Style Stagflation
The U.S. economy is showing signs of resembling the stagflation of the 1970s, characterized by a cooling economy and sticky inflation.
Potential Stock Market Impact
This situation might trigger a double-digit decline in stock prices, according to Sevens Report Research.
Key Points:
- U.S. economy's potential path towards 1970s-style stagflation
- Impact of stagflation on stock market performance
- Risk of a significant stock price plunge
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.