Let’s Talk About It: Stagflation
Stagflation happens when inflation exceeds economic growth, causing a “stagnant” environment. GDP increased 2.1% in 2022 after increasing 5.9% in 2021. While inflation recently peaked to a 40 year (12 month increase) high in June of 2022, coming in at a whopping 9.1%. Back in the good old days most companies offered their employees what…