an economic condition marked by a continuing inflation together with a decline in business activity and an increase in unemployment
Origin of stagflationstag(nation) + (in)flation
Sluggish economic growth coupled with a high rate of inflation and unemployment.
Origin of stagflationstag(nation) + (in)flation.
stagflation - Investment & Finance Definition
An economic condition characterized by slow growth, measured by gross domestic product (GDP), with inflation.