Birdwatch Note Rating
2024-03-07 13:55:48 UTC - HELPFUL
Rated by Participant: A0D03A960BDD4C04E9E427D24AEDD510F244DCEA7D0B7464C629F14D7C5B124A
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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