Business, Legal & Accounting Glossary
economics Inflation accompanied by stagnant growth, unemployment or recession.
A combination of slow economic growth with rising prices.
Both the UK and the US experienced stagflation in the 1970s.
In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.
Stagflation is a portmanteau word made of stagnation and inflation.
Stagflation can be a harbinger of economic doom.
Stagflation is a mix of high unemployment and economic stagnation alongside inflation.
This policy will be difficult to implement whilst in a period of stagflation.
Many of the local boutique stores have been driven out of business as a result of stagflation
I am scared the world is entering yet another decade of stagflation.
Ignore the bull in the stock market; the world is heading towards long term stagflation.
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This glossary post was last updated: 1st April, 2020