Despite an agreed two-week ceasefire between the United States and Iran, the European Commission believes the European Union is facing a serious economic downturn. EU Economic Commissioner Valdis Dombrovskis warned of a so-called “stagflationary shock” and announced that the Commission would revise its growth forecasts for the current year downward. What Does Stagflation Mean? The term stagflation is a combination of the words “stagnation” and “inflation” and describes an economic scenario that

Tag-uri: Inflatie