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Stagflation Risk

GDP growth below 2% combined with inflation above 8% and rising unemployment. The worst macro combination for policymakers.
3 occurrences detected, 1 successful
Colombia 2023
Inflation
11.7%
GDP growth
0.7%
Unemployment
9.6%
Colombia 1999
Inflation
10.9%
GDP growth
-4.2%
Unemployment
20.1%
24 mo later
8.0%
Colombia 1998
Inflation
18.7%
GDP growth
0.6%
Unemployment
15.0%
24 mo later
9.2%
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