Stagflation

usgb/stæɡˈfleɪʃən/
noun

A situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

The country is experiencing stagflation, leading to concerns among economists.
Visual representation of "stagflation" - A situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

Usage tips

Formal

rising inflation,high unemployment,economic stagnation

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Visual representation of "stagflation"
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Economic context

Stagflation is primarily discussed in economic contexts where growth and inflation are at odds

Illustration for Economic context
In the 1970s, many Western economies faced stagflation due to oil crises.
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Awareness of inflation

Understanding stagflation requires a grasp of how inflation affects purchasing power and savings

Illustration for Awareness of inflation
As inflation rises, everyday goods become more expensive, squeezing consumer budgets.
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Impact on policy

Stagflation can complicate government responses to economic issues

Illustration for Impact on policy
Governments may struggle to balance the need for stimulus with controlling inflation.
Visual representation of the word "Stagflation"

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