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Opinion

2023: The Year of Stagflation

2023: The Year of Stagflation
Customers browse food stalls inside Grand Central Market in downtown Los Angeles on March 11, 2022. Fears of stagflation in the U.S. economy are on the rise. Stagflation happens when the economy has slow growth, unemployment has risen to record heights, and prices are rising, or the country is in an inflationary stage.Patrick T. Fallon/AFP via Getty Images
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Commentary

After more than $20 trillion in stimulus plans since 2020, the economy is going into stagnation with elevated inflation.

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