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They tend to state that there is a pattern that has been observed in the surge and eventual fall of an economy. When an economy is doing good, the leaders and decision makers of the state are carried away by it. The urge to do better and to rise to higher levels makes them ignore any threat which might hit the economy due to exponential growth rates. Though the inflation levels are steady to start with and the economies tend to grow at a good rate, it has been seen that it is only a matter of time before they reach exponential heights which badly affects the economy.
It has been observed, especially over the past one year, that inflation is on the rise...
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