Economic perils parallel the long haul of the 1970s

“The past does not repeat itself. But it is rhyming.” The drumbeats hinting of a rising economic crisis similar to the 1970s are growing louder. High inflation, wars in key commodity-producing regions, declining real wages, slowing economic growth, fears of tightening monetary policy and turbulence in stock markets – were the dominant features of the world economy in the 1970s, as now. Though analysts say there is still time for policymakers to get a grip of inflation and not a