Lay-offs rise as stagflation worries mount; Zee Business research explains impact
Institutions such as the World bank and International Monetary Fund (IMF) expect the growth rate to be slow worldwide
Stagflation is emerging as one of the main issues for the industry. It is a situation of slow growth and high inflation. Zee Business' Senior Research Analyst Arman Nahar brings this exclusive report where he tells why companies are now begging to lay-off staff; to what extent could stagflation impact economy and what a weaker economy means for the company?
In his report, Nahar said that companies are laying-off people and that is reflective of how economic growth is slowing down while inflation is raising its head.
Amid rising inflation, income is reducing and which is further lowering the value of whatever income people are drawing, he said.
The Reserve Bank of India (RBI) and the Indian government are doing their bit to fight the growing inflation.
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Byju's lays-off 500 employees; employees contest company's claim, says number is higherHe further added that the governor of RBI had also said that the current inflation is breaching the inflation tolerance band.
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