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stagflation

Line breaks: stag|fla¦tion
Pronunciation: /staɡˈfleɪʃ(ə)n
 
/

Definition of stagflation in English:

noun

[mass noun] Economics
Persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.
Example sentences
  • The result was stagflation; tighter monetary policy that did not reduce inflation, but it did lead to a small recession that increased unemployment.
  • Declining business performances and soaring consumer prices indicate that the nation could suffer stagflation with low economic growth and high inflation this year.
  • In the late 1960s the postwar boom unraveled, giving way to a series of economic gyrations - inflation, slump, then stagflation and slump again.

Origin

1960s: blend of stagnation (see stagnate) and inflation.

Definition of stagflation in:

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Pronunciation: prɪˈpəʊt(ə)nt
adjective
greater than others in power or influence