Stagflation - Meaning, Definition & English Examples
Stagflation is an economic condition combining stagnant growth, high unemployment, and rising inflation. It presents a challenging scenario for policymakers as traditional remedies may not work effectively.
Definition:
Economic condition with stagnant growth, high unemployment, and rising prices.
Synonyms:
economic slump, inflationary recession, slumpflation
Part of Speech:
noun
Antonyms:
economic boom, prosperity
Common Collocations:
rising stagflation, stagflation crisis, combat stagflation
Derivatives:
stagflationary, stagflate
Usage Tips:
Use "stagflation" to describe an economy with poor growth and high inflation simultaneously.
Common Phrases:
stagflation fears, threat of stagflation, era of stagflation
Etymology:
Blend of "stagnation" and "inflation," coined in the 1960s during economic turmoil.
Examples:
- 1. The country faces stagflation as prices soar while jobs disappear.
- 2. Stagflation makes it hard for policymakers to balance growth and inflation control.
- 3. Many fear a return to the stagflation of the 1970s.
- 4. High oil prices contributed to the recent bout of stagflation.