What Is Stagflation And How Could It Have A Major Impact On Massachusetts?

CBS Boston

Updated on: April 14, 2025

As consumers and investors deal with great uncertainty with President Donald Trump's tariffs, an ongoing battle with inflation, and a volatile stock market, there is plenty of economic uncertainty. One Massachusetts financial expert believes that as a result, the Massachusetts economy could be looking at hard times ahead.

"I think we are heading towards what's called stagflation," said Peter Cohan, an expert market analyst and author of "Brain Rush: How to Invest and Compete in the World of Generative AI," who is a professor of management practice at Babson College.

So what is "stagflation?" Cohan explained it has the combination of economic stagnation and inflation, a combination that happened in the early 1970s.

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