"The country is at risk of 'stagflation' - where slow economic growth is combined with rising inflation - as the energy crunch brought about by the war in the Middle East hits."
"Public Expenditure Minister Jack Chambers is to deliver the stark warning to the Cabinet, where ministers will also be told that tighter spending controls will be needed in preparation for October's budget."
The country faces the threat of stagflation due to the energy crisis stemming from the Middle East conflict. Public Expenditure Minister Jack Chambers will inform the Cabinet about the necessity for tighter spending controls ahead of the upcoming budget in October. This approach aims to ensure financial stability and readiness in case the war extends, impacting economic growth and inflation rates.
Read at Independent
Unable to calculate read time
Collection
[
|
...
]