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Populist pressure could spawn stagflation

Analysts say post-Brexit, if countries turn inwards and inefficiencies proliferate, the bad scenario of 1970s may return
Wednesday, July 6, 2016 - 05:50
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NOT WHAT MANY WANT: In Europe, mounting disillusionment with the EU isn't limited to Great Britain, according to an opinion survey published last month by the Washington-based Pew Research Center.

Washington

IT'S practically become conventional wisdom among the economic pundit class that central bankers have been playing far too big a role in managing the global economy. If only other policymakers came off the sidelines and joined in from the fiscal side, all would be right with