- an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
Origin of stagflation
Examples from the Web for stagflation
But from there we had Watergate, stagflation, oil embargos, eroding American power in the world, growing income inequality, etc.We've Been on the Wrong Track Since 1972
November 7, 2014
He turned the tables on the 1929 crash and suggested that stagflation was caused by too much money in the system.Nicholas Wapshott: A Lovefest Between Milton Friedman and J.M. Keynes
July 30, 2012
There are many reasons to avoid anything to do with the 1970s—stagflation trumps them all.
Morici blames the return of stagflation on "Chinese mercantilism" as its government fixes oil prices at home at low levels.
Economist Peter Morici of the University of Maryland takes the stagflation debate a step further.
- a situation in which inflation is combined with stagnant or falling output and employment
Word Origin and History for stagflation
1965, apparently coined by U.K. politician Iain Macleod (1913-1970), from stag(nation) + (in)flation.
Attacking the Government's economic policy last night in the House of Commons, Mr. Iain Macleod (West Enfield - Con.) the Opposition spokesman on Treasury and economic affairs, described the present situation in Britain as "stagflation" -- stagnation and inflation together. ["Glasgow Herald," Nov. 18, 1965]
An economic phenomenon of the late 1960s and 1970s characterized by sluggish economic growth and high inflation. The word is a blend of stagnation and inflation.