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/
    • (file)

Noun

stagflation (countable and uncountable, plural stagflations)

  1. (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.
    • 1995, Anthony S. Campagna, Economic Policy in the Carter Administration, page 204:
      Since no one had the solutions to stagflation, Carter, a fiscal conservative from the beginning, was thrown back to his personal bias and chose to elevate inflation to the nation's most pressing problem.
    • 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

References

  1. 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

Etymology

From the verb stagner and the noun inflation.

Pronunciation

  • IPA(key): /staɡ.fla.sjɔ̃/
  • (file)
  • Homophone: stagflations

Noun

stagflation f (plural stagflations)

  1. stagflation

Further reading

Swedish

Etymology

Blend of stagnation + inflation, probably influenced by English stagflation.

Pronunciation

  • IPA(key): /staɡflaˈɧuːn/
  • Hyphenation: stag‧fla‧tion
  • Rhymes: -uːn

Noun

stagflation c (countable and uncountable)

  1. (economics) stagflation

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

References

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