A petrol station is seen with no petrol available and all pumps out of service, at Rockdale in Sydney; Inset: Vinod Mishra, Associate Professor in Department of Economics at Monash University says that if Australia experiences Stagflation, it could take years for the economy to recover. Credit: AAP; Supplied by Vinod Mishra
The Middle East conflict is not just pushing up petrol prices. It is reaching into your grocery trolley, your rent bill, your job security and your mental health. In this episode, we break down stagflation, the economic trap that combines rising prices with rising unemployment. Economic expert Prof. Vinod Mishra explains how a war, thousands of kilometres away, is quietly making everyday life more expensive for Australians. Listen now.
The Middle East conflict is not just pushing up petrol prices. It is reaching into your grocery trolley, your rent bill, your job security and your mental health. In this episode, we break down stagflation, the economic trap that combines rising prices with rising unemployment. Economic expert Prof. Vinod Mishra explains how a war, thousands of kilometres away, is quietly making everyday life more expensive for Australians. Listen now.
Disclaimer: The information given in this interview is of general nature. SBS neither agrees nor disagrees with it. Please contact a professional for clear advice on your condition.
