Stagflation unlikely

Sunway University professor of economics Yeah Kim Leng,

PETALING JAYA: The wave of stagflation, currently sweeping across some global economies like in the 70s, is unlikely to rear its ugly head in Malaysia owing to the country’s firm economic fundamentals.

Stagflation, a scenario where there is slow economic growth coupled with rising inflation, would unlikely occur in developing countries compared with developed ones, according to economists contacted by StarBiz.