Birdwatch Note Rating
2024-03-01 15:12:55 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 622958B56270AAACC90C7631D12DD8991B3FA602DEA67CF1B6D63479E3090955
Participant Details
Original Note:
This is misleading. 1974/5 was the global energy crisis when many countries experienced double digit inflation due to the soaring cost of crude oil. The UK suffered 20% inflation and a ‘three day week’. https://www.imf.org/external/np/exr/center/mm/eng/mm_rs_02.htm#:~:text=Because%20of%20the%20war%2C%20the,the%20winter%20of%201973%2D74.
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