AN alien landing on earth who sees Top Gun soaring loftily in the box office rankings might be forgiven for thinking it has time-travelled back to the 1980s.
That’s not the only potential double take.
Reading about runaway inflation combined with lacklustre growth, our visitor from outer space might also mistake this looming predicament for that feared S-word from 1970s – stagflation.
While history isn’t destined to repeat itself, economy watchers will do well to take heed from the growing concerns around stagflation, given its serious, wide-ranging harm as well as our lack of experience in dealing with its effects.
In such a scenario, workers confront uncertainty and belt-tightening at...
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