How likely will Australia fall into stagflation? | The Business | ABC NEWS

The economic shock from war in the Middle East is hitting home.
Some businesses fear there could be lockdowns amid petrol shortages. Consumers are slashing spending. And economists worry an ongoing war heightens the risk of a recession, while the Reserve Bank's nightmare scenario is stagflation — a situation with stagnating growth and higher inflation at the same time.
Some economists predict, if the US-Israel-Iran conflict continues, mass job losses could be coming.

Nassim Khadem reports.

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