Stagflation vs recession: Which is more detrimental to the economy?

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Stagflation vs recession: Which is more detrimental to the economy?

The majority of the fears surrounding a possible recession in the US have been based on the elevated inflation rate. According to the US Bureau of Labour Statistics, the inflation rate hit 8.6% over the 12 months to May 2022. This is higher than many other advanced economies, including Australia. Please watch this video to find out more. 

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