Stagflation: meaning, definitions and examples

๐Ÿ“‰๐Ÿ’ฐ
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stagflation

 

[ stรฆษกหˆfleษชสƒษ™n ]

Noun
Context #1 | Noun

economic condition

Stagflation is an economic condition characterized by a combination of stagnant economic growth, high unemployment, and high inflation. It poses a significant challenge for economic policy, as the measures that may control inflation might exacerbate unemployment and vice versa.

Synonyms

economic stagnation, inflationary recession.

Examples of usage

  • The country is currently facing stagflation.
  • Stagflation is difficult for governments to manage.
  • Many economists believe stagflation could return.
  • Historical stagflation occurred in the 1970s.

Translations

Translations of the word "stagflation" in other languages:

๐Ÿ‡ต๐Ÿ‡น estagflaรงรฃo

๐Ÿ‡ฎ๐Ÿ‡ณ เคธเฅเคŸเฅˆเค—เคซเฅเคฒเฅ‡เคถเคจ

๐Ÿ‡ฉ๐Ÿ‡ช Stagflation

๐Ÿ‡ฎ๐Ÿ‡ฉ stagflasi

๐Ÿ‡บ๐Ÿ‡ฆ ัั‚ะฐะณั„ะปัั†ั–ั

๐Ÿ‡ต๐Ÿ‡ฑ stagflacja

๐Ÿ‡ฏ๐Ÿ‡ต ใ‚นใ‚ฟใ‚ฐใƒ•ใƒฌใƒผใ‚ทใƒงใƒณ

๐Ÿ‡ซ๐Ÿ‡ท stagflation

๐Ÿ‡ช๐Ÿ‡ธ estanflaciรณn

๐Ÿ‡น๐Ÿ‡ท stagflasyon

๐Ÿ‡ฐ๐Ÿ‡ท ์Šคํƒœ๊ทธํ”Œ๋ ˆ์ด์…˜

๐Ÿ‡ธ๐Ÿ‡ฆ ุฑูƒูˆุฏ ุชุถุฎู…ูŠ

๐Ÿ‡จ๐Ÿ‡ฟ stagflace

๐Ÿ‡ธ๐Ÿ‡ฐ stagflรกcia

๐Ÿ‡จ๐Ÿ‡ณ ๆปžๆถจ

๐Ÿ‡ธ๐Ÿ‡ฎ stagflacija

๐Ÿ‡ฎ๐Ÿ‡ธ stagflation

๐Ÿ‡ฐ๐Ÿ‡ฟ ัั‚ะฐะณั„ะปัั†ะธั

๐Ÿ‡ฌ๐Ÿ‡ช แƒกแƒขแƒแƒ’แƒคแƒšแƒแƒชแƒ˜แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ stagflasiyaya

๐Ÿ‡ฒ๐Ÿ‡ฝ estanflaciรณn

Etymology

The term 'stagflation' emerged in the 1960s during a period of rising inflation and rising unemployment in the United States and the United Kingdom. It combines the words 'stagnation' and 'inflation' to describe a unique and challenging economic condition that defies conventional economic theory. Prior to its popularization, economists believed that inflation and unemployment had an inverse relationship, famously illustrated by the Phillips curve. However, the experiences of the 1970s, particularly the oil crises leading to high prices while economies stagnated, demonstrated the possibility of both high inflation and high unemployment occurring simultaneously. The popularity of the term reflects a significant turning point in economic thought, as policymakers grappled with how to address the complexities of stagflation.

Word Frequency Rank

This word's position of #34,057 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.