Economic Growth Down, Inflation Up: Stagflation Ahead?
3 min readApr 25, 2024
Economic growth may soon turn negative and price increases continue to escalate.
The Bureau of Economic Analysis just announced that real gross domestic product growth for the first quarter of this year slowed to 1.6%. That’s down from the 3.4% GDP growth in the fourth quarter of last year and down further from the 5% growth recorded in the third quarter of last year. At…