What does Stagflation mean?
Definitions for Stagflation
stægˈfleɪ ʃənstagfla·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Stagflation.
Princeton's WordNet
stagflationnoun
a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
Wiktionary
stagflationnoun
Inflation accompanied by stagnant growth, unemployment or recession.
ChatGPT
stagflation
Stagflation is an economic condition characterized by slow economic growth (stagnation) and high unemployment, along with rising prices or inflation. This term was first used in the 1970s during a period of economic crisis to describe situations when an economy experiences stagnant growth and high unemployment, yet continues to have high or increasing inflation. It contradicts the traditional economic theory of the Phillips curve, which suggests that these situations shouldn't occur simultaneously.
Wikidata
Stagflation
Stagflation, a portmanteau of stagnation and inflation, is a term used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment, and vice versa. The term is generally attributed to British politician who became chancellor of the exchequer in 1970, Iain Macleod, who coined the phrase in his speech to Parliament in 1965. In the version of Keynesian macroeconomic theory which was dominant between the end of WWII and the late-1970s, inflation and recession were regarded as mutually exclusive, the relationship between the two being described by the Phillips curve. Stagflation is very costly and difficult to eradicate once it starts, in human terms as well as in budget deficits. In the political arena, one measure of stagflation, termed the Misery Index, was used to swing presidential elections in the United States in 1976 and 1980.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of Stagflation in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of Stagflation in Pythagorean Numerology is: 7
Examples of Stagflation in a Sentence
In the short run, his numbers might get even worse if he then does not decide to shut things down again — because he will lose favor with people on his own side who currently support him, in the long run, though, shutting things down will make him even more unpopular, because it would tank the economy again — producing the dreaded two-headed monster of stagflation.
The moves we’ve seen over the past couple of days have been somewhat extreme - gas prices, oil prices, some of the commodities and the threats of stagflation, you’re at a relative low, and there’s always a chance to bounce up.
Stagflation is probably the worst word of vocabulary for financial markets because it's the worst of both worlds. Inflation stays high and the economy slows, i think we're getting a whiff of stagflation now.
Consumers may get to a point where they're not going to pay higher prices and that causes demand destruction. We're not there yet, stagflation could be a concern if higher prices persist for an extended period of time.
I don't see stagflation as a major risk. Inflation is still low even with the tariffs that have been imposed.
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"Stagflation." Definitions.net. STANDS4 LLC, 2024. Web. 18 Jun 2024. <https://www.definitions.net/definition/Stagflation>.
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