stagflation
🇺🇸
/stæɡˈfleɪʃn/
🇬🇧
/stæɡˈfleɪʃn/
noun
R
A situation in the economy where prices keep going up (inflation) but there are not more jobs or business growth.
During the 1970s, many countries faced stagflation, which made it hard for people to find jobs and for businesses to grow.
translation
A situation in the economy where prices keep going up (inflation) but there are not more jobs or business growth.
Word Forms
Plural
stagflations