Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills
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Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
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GDP Growth Slows in First Quarter While Inflation Remains High. Can You Say 'Stagflation'?
What happens when there's slow economic growth and high inflation? Economists call that "stagflation," and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon.