stagflation
English
Etymology
Blend of stagnation + inflation, generally attributed to British politician Iain Macleod who used it in a 1965 speech (see quotations).[1]
Pronunciation
- IPA(key): /stæɡˈfleɪʃən/
Audio (Southern England) (file)
Noun
stagflation (countable and uncountable, plural stagflations)
- (economics) Inflation accompanied by stagnant growth, unemployment or recession.
- 1965 November 17, Iain Macleod, “Economic Affairs”, in parliamentary debates (Commons), column 1165:
- We now have the worst of both worlds —not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of "stagflation" situation and history in modern terms is indeed being made. There is another point behind the figures. As I say, production has fallen by 1 per cent. or ½per cent.
- 1982, Mancur Olson, The Rise and Decline of Nations, Yale University Press, →ISBN, page 8:
- As soon as we understand how involuntary unemployment can result from rational and well-informed individual behavior, it also becomes obvious how inflation and unemployment—which we once thought could not occur simultaneously—can be combined, as they have been in the recent stagflation.
- 2013, George R. Tyler, What Went Wrong: The Big Picture: How the 1% Hijacked the American Middle Class … and What Other Countries Got Right, BenBella Books, Inc., →ISBN:
- Moving into the mid-1970s, America's economic performance suffered. Stagflation—inflation combined with minimal economic growth—eroded wages and profits, weakening business and consumer confidence.
- 2023 June 17, Chris Giles, Delphine Strauss, “Britain's economic malaise”, in FT Weekend, page 6:
- The UK economy is suffering a nasty bout of stagflation and the prospects appear poor. That is the conclusion financial markets drew this week from yet more disappointing data, highlighting the weakness of the post-Covid economy and the persistence of high inflation.
Derived terms
Translations
inflation accompanied by stagnant growth
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References
- “stagflation”, in OneLook Dictionary Search.
- Olga Kornienko, Grinin L, Ilyin I, Herrmann P, Korotayev A (2016), “Social and Economic Background of Blending”, in Globalistics and Globalization Studies: Global Transformations and Global Future, Uchitel Publishing House, →ISBN, pages 220–225
French
Pronunciation
- IPA(key): /staɡ.fla.sjɔ̃/
Audio (file) - Homophone: stagflations
Further reading
- “stagflation”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012.
Swedish
Etymology
Blend of stagnation + inflation, probably influenced by English stagflation.
Pronunciation
- IPA(key): /staɡflaˈɧuːn/
- Hyphenation: stag‧fla‧tion
- Rhymes: -uːn
Declension
Declension of stagflation | ||||
---|---|---|---|---|
Singular | Plural | |||
Indefinite | Definite | Indefinite | Definite | |
Nominative | stagflation | stagflationen | stagflationer | stagflationerna |
Genitive | stagflations | stagflationens | stagflationers | stagflationernas |
Derived terms
- stagflationsekonomi
See also
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