The term ‘stagflation’ is hopefully one you’ll only ever hear once or twice in your lifetime. As it seldom occurs in our economy and really isn’t good news. Right now, our economy has a one-way ticket to stagflation and here’s why:

As the name would suggest, stagflation occurs when your economy starts to stagnate. This typically will include slowing economic growth, rising inflation. And rising unemployment. Also, just to name a few. Host Andrew Baxter says that is exactly what you don’t want for a healthy economy. And rather, you want growing economic activity and inflation under control to maintain strength.

For example, here in Australia, our CPI figure of 3.8% last month. And has already surpassed the target mandate amount. Additionally, to set by the RBA (which is supposed to be between 2-3%) meaning the inflation cat is already out of the bag. Also, not to mention our slowing economic growth. And as per the most recent GDP figures indicating. Furthermore, that we could be entering a period of economic stagflation. The same is true for the US economy too having similar data.

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