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May 11, 2005

All Business: Disco and stagflation: bad ‘70s trends return

  • Tepid economic growth and rising inflation are back — and rattling the markets.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — A trend from the 1970s may be making an unwelcome return, and it has nothing to do with disco music, bad hair styles or bell-bottom pants.

    Fears are growing on Wall Street about the possible return of stagflation, which often arises when tepid economic growth mixes with rising inflation. That toxic combination can cripple the economy, and while such a grim predicament has yet to emerge, there certainly are hints that stagflation could be brewing.


     
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