Define: Stagflation

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Definition: Stagflation


Quick Summary of Stagflation


A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)



What is the dictionary definition of Stagflation?

Dictionary Definition


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.


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Full Definition of Stagflation


Stagflation is a undesirable mix of rising prices (based on high demand, production capacity constraints, or both) and falling growth.

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.

 


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Examples of Stagflation in a sentence


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.


Synonyms For Stagflation


inflation, stagnation, deflation, depression, stagflationary


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Stagflation. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/stagflation/

Definition Sources


Definitions for Stagflation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 1st April, 2020