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Started by: gaffer (7968)
Ena
Oil played it’s part in creating the economic difficulties of the 1980’s
Crude oil prices increased four-fold in 1974, then fell back before almost tripling again in 1979, triggering the early 1980s recession. Over the decade, CPI inflation and the unemployment rate peaked at 25 per cent and 5.7 per cent respectively.
Replied: 25th Jul 2023 at 15:11