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What are the three major economic components necessary for stagflation to occur?

Dig deeper into the three components of stagflation — inflation, unemployment and declining output — as understood by economic theory.

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What are the three major economic components necessary for stagflation to occur?

Co-op Bank halves its annual losses

Bank announces plans to close a further 57 branches and keep chief executive Niall Booker until end of 2016 The troubled Co-operative Bank has offered its chief executive Niall Booker a substantially larger pay package of up to £5m this year as it signed him up until the end of 2016 to help the bank restore its fortunes. Booker said the bank will be lossmaking for a further two years, as it more …

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Co-op Bank halves its annual losses

BOE's Haldane sees inequality risks to next industrial revolution

Economic growth from the next industrial revolution, driven by new technology, may be blunted by problems such as growing inequality, lack of investment and increased short-termism, the Bank of England's chief economist said on Tuesday. In a speech, Andy Haldane weighed up arguments for and against secular stagnation — the theory that developed economies will not return to pre-crisis levels of …

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BOE's Haldane sees inequality risks to next industrial revolution

SocGen Misses Estimates on Lower French Profit

Net income rose to 511 million euros ($578 million) in the three months through December from 191 million euros a year earlier, the Paris-based bank said in a statement Thursday. Economic stagnation in France, Societe Generale’s biggest market, and a slowdown in Russia, where it has one of the largest retail branch networks of a foreign lender, have weighed on profit. “The bank is feeling the …

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SocGen Misses Estimates on Lower French Profit

WB cuts 2015 global growth forecast

WASHINGTON – The World Bank, citing stagnation in Europe and Japan and a slowdown in China, downgraded its forecast for the global economy this year. It also reported that world economic growth came in below expectations in 2014.The bank predicts the world economy will expand 3 percent this year, up from 2.6 percent in 2014. Last June, World Bank economists had forecast 3.4 percent global …

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WB cuts 2015 global growth forecast

Cablevision Executive: Pay TV Consolidation Doesn't Impact Company Much

CFO Gregg Seibert at an investor conference in London says deals are "probably a positive for the industry as a whole" and also faces questions about rising programming costs and Aereo. read more

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Cablevision Executive: Pay TV Consolidation Doesn't Impact Company Much

Banorte Board Names Hank Chairman as Family Gains More Influence

Grupo Financiero Banorte SAB (GFNORTEO) said Carlos Hank Gonzalez will take over as chairman as his family, the biggest shareholder, asserts increasing influence over Mexico’s second-largest publicly traded bank.

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Banorte Board Names Hank Chairman as Family Gains More Influence

Pound slumps as BoE cuts growth, inflation forecasts

The pound slumped against other major currencies after the Bank of England trimmed Britain's economic growth and inflation forecasts, indicating a long wait for a rise in interest rates.

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Pound slumps as BoE cuts growth, inflation forecasts

Russian central bank cuts growth forecasts, sees sanctions until 2017

There has been no sign so far that the economic difficulties have encouraged Putin to shift policy on Ukraine. read more

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Russian central bank cuts growth forecasts, sees sanctions until 2017

IMF, U.S. encourage ECB, Japan monetary stimulus

By Leigh Thomas and David Milliken PARIS (Reuters) – The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to cultivate growth in their countries. Calling the world economy "fragile, brittle and fragmented", IMF Managing Director Christine …

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IMF, U.S. encourage ECB, Japan monetary stimulus