US faces stagflation threat – Business Insider

The grim warning comes as growth falls short of estimates

The latest macroeconomic data released by the US Department of Commerce indicates that the country’s economy could be moving towards stagflation, Business Insider has reported. The gloomy signs hint at tough challenges ahead, the outlet added.   

Thursday’s report revealed that American GDP increased at an annualized rate of only 1.6% in the first quarter of the current year...