Ready for stagflation? Here’s how the Trump tariffs could take us back to the not-so-groovy 70s

May 3 2025 by Fast Company

When inflation joins forces with stagnant economic growth and adds a side of high unemployment, the result is stagflation. Here’s what you need to know about this economic quicksand.

Just over a month ago, economists were so frightened of a potential recession they refused to call it by its name. The dreaded R word kept the financial punditry quaking in their boots on news shows—which feels a bit quaint now that we’re seeing signs of a possible stagflation on the horizon.

Continue Reading Ready for stagflation? Here’s how the Trump tariffs could take us back to the not-so-groovy 70s