SYDNEY and KUALA LUMPUR, Aug 16 (IPS) – Half a century after the 1970s’ stagflation, economies are slowing, even contracting, as prices rise again. Thus, the World Bank warns, “Surging energy and food prices heighten the risk of a prolonged period of global stagflation reminiscent of the 1970s.”
In March, Reuters reported, “With surging oil prices, concerns about the hawkishness of the Federal Reserve and fears of Russian aggression in Eastern Europe, the mood on Wall Street feels like a return to the 1970s”.
Read the full story, “Stagflation: From Tragedy to Farce”, on globalissues.org →
Three Truths to Address Sexual Exploitation, Abuse & Harassment in the UN 
COP27 Fiddling as World Warms 
UN chief highlights crucial role of G20 in resolving global crises 
Somalia: Human rights chief decries steep rise in civilian casualties 
Ukraine: UN convoy delivers vital aid to residents of Kherson 
COP27: Week two opens with focus on water, women and more negotiations on ‘loss and damage’ 
A new treatment could restore some mobility in people paralyzed by strokes 
What has Perseverance found in two years on Mars? 
This robot automatically tucks its limbs to squeeze through spaces 
Greta Thunberg’s new book urges the world to take climate action now