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International economist dismisses stagflation fears
Rising tensions from the US-Israeli war with Iran are instilling immense uncertainties in the global economy, but Marcin Piatkowski, an international economist from Poland, said there is no need to fear stagflation. Piatkowski, an economics professor at Kozminski University in Warsaw, Poland, said in an exclusive interview with The Standard that, unlike the 1970s oil shock, where many economies experienced stagflation, the current economic structure is much strengthened, being two to three times less oil-intensive. [...]