The articles, the opinions, the stories, the poems and the cartoons Ovi magazine covers for Saturday February 5th, 2022 – World Nutella Day
Could Malaysia and Thailand be heading into a bout of classic stagflation? by Murray Hunter
Medical experts around the world are beginning to say that the Covid-19 crisis is heading into an endemic stage with the emergence of the Omicron variant. The world is experiencing drags within supply chains, a lethargic recovery in international tourism, and continued pressures on the cost of living from high oil prices. Countries will need to transition from heavy restrictions to protect public health to a basket of measures to kickstart their respective economies. However, coming over the economic horizon in both Malaysia and Thailand is the prospect of stagflation hitting these respective economies, presenting policymakers with new challenges.
Classic stagflation was a phenomenon that hit the world in tandem with the oil supply shocks of 1973-74 and 1978-79. Stagflation is a condition where the economy is experiencing high inflation, recession, and high unemployment, all at the same time. It was perplexing to economists at the time because the remedies for each of the major conditions making up stagflation, would aggravate other symptoms. For example, boosting economic activity in the economy would be inflationary and fighting inflation with raising interest rates would adversely affect economic activity and increase unemployment.
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“I write poetry” #poem by George Cassidy Payne
“I write poetry
to perform
a craft”
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Insert Brain Here 2.0 #001 #cartoon by Paul Woods
For more Insert Brain Here, HERE!
For more Ovi Cartoons, HERE!
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