Exact(54)
The result was stagflation: high inflation, high interest rates and slow growth.
"Everyone knows Europe today is a continent with no growth, no inflation, high unemployment.
The state is borrowing too much, crowding out private firms and keeping inflation high.
Yet in Argentina, inflation, high public spending and budget deficits persisted.
President Robert Mugabe's corrupt government has led to inflation, high unemployment and shortages of food and fuel.
"The next year will be a difficult one," he predicted, "with inflation high and output broadly flat.
Similar(6)
Five years on, the eurozone is locked into a low-growth, low-inflation, high-unemployment paradigm.
The liquidity benefits associated with rehypothecation are shown to be more important in high-inflation (high-interest rate) regimes.
Germany has a low-inflation, high-tax economy that is on the verge of stagnation, with unemployment of 11.6% and naturally low interest rates.
Even so, there is the creeping sense that the U.S. is leaving behind the low-inflation, high-growth, high-employment heyday of the last decade for uncertain territory.
The U.S. in 1981 83 went from a high-inflation, high-tax economic basket case to a much stronger competitor, able once again to attract capital from locals and foreigners.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com