Inflation 'policy errors of the 1970s echo in our times,' Financial Times columnist warns
Fox News
An op-ed in The Financial Times warned Tuesday that compared economic troubles plaguing the world economy now to the major problems of the 1970s.
Joe Silverstein is a production assistant for Fox News Digital.
"Unexpectedly high inflation, wars in key commodity-producing regions, declining real wages, slowing economic growth, fears of tightening monetary policy and turbulence in stock markets — we see all of these things in today’s world economy," Martin Wolf, FT's chief economics commentator wrote.
"These were also the dominant features of the world economy in the 1970s," he added.
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