The U.S. economy is on the brink of a dreaded period of stagflation, a scenario where inflation rises and growth stalls, according to two economic experts. What Happened: The U.S. economy’s first-quarter GDP growth rate of 1.6% was significantly lower than the expected 2.5%, reported Business Insider. This is a worrying sign as it indicates a slowdown from previous quarters. On the other hand, personal consumption expenditures, a key inflation metric, rose by 2.8% against a 2.7% consensus. This worrying combination of slower growth and rising inflation has reignited fears of stagflation. Jeffr…
