Meaning of the word stagflation in English
What does stagflation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
stagflation
US /stæɡˈfleɪ.ʃən/
UK /stæɡˈfleɪ.ʃən/
Noun
a portmanteau word in economics referring to a situation where the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions taken to lower inflation (like raising interest rates) may worsen unemployment, and vice versa.
Example:
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The 1970s were characterized by widespread stagflation in many developed economies.
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Economists are concerned about the potential for renewed stagflation if current trends continue.