World Bank warns global economy may suffer 1970s-style stagflation. Risks of further deterioration are mounting. – #marketnews

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[World Bank warns global economy may suffer 1970s-style stagflation]( https://archive.ph/TKN5w)

> The global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank warned Tuesday.

> Not since the 1970s — when twin oil shocks sapped growth and lifted prices, giving rise to the malady known as “stagflation” — has the global economy faced such a challenge.

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