![Stagflation: US experiences](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/Stagflation-US-experiences/Infocus_Stagflation_530x395px.jpg/jcr:content/Infocus_Stagflation_530x395px.jpg)
Stagflation: US experiences
Public concern about stagflation – an unfortunate combination of stagnating, or perhaps even negative, growth and high inflation – is rising because of the pandemic. Commentators are recalling the 1970s and early 1980s, a period associated in the US and many other countries with sharp declines in real GDP, inflation spikes above 10% per annum, and volatile stock prices. Could we see similar conditions today?