That Sinking '70s Feeling - Stagflation Is Back and the Bankers Cross Their Fingers...
Western Mail › August 26, 2008
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Summary
THE new deputy governor of the Bank of England has prompted fresh fears of "stagflation" by saying the current economic downturn is as bad as in the 1970s.
Charles Bean said the downturn could "drag on for some considerable time", and that every time the financial markets began to look better "another grenade" exploded.See the full content of this document
Extract
That Sinking '70s Feeling - Stagflation Is Back and the Bankers Cross Their Fingers...
The deputy governor was speaking at the annual conference of the world's top central bankers in Jackson Hole, Wyoming.
He said: "We've got our fingers crossed that things will improve...See the full content of this document
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