Saturday, Oct 01, 2022
Outlook.com
Economy

Staring At Stagflation?

When all indicators barring inflation point south, experts begin to whisper the dreaded S-word

Staring At Stagflation?
Staring At Stagflation?
outlookindia.com
-0001-11-30T00:00:00+05:53

At 4.30 that evening, Arya was told that her job was no more. A dearth of export orders had forced the shutdown of yet another factory. "I knew the mirror's breaking spelt bad tidings. Earlier I worried about fees, now it's food," she sobs.

Arya's story, however, is not about faith in signs or portents. It's about cold economic reality. And you don't need to believe in omens to know that we live in scary times.

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