stagflation was our Word of the Day on 08/28/2007. Hear the podcast!
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Recent Examples of stagflation from the Web
Although growth has returned and the stockmarket is booming, the country still suffers from stagflation: a weak recovery combined with stubbornly high price pressures.
The economy had gone from stagflation and gas lines in the Carter years to booming in the Reagan era, and that continued through the Clinton presidency, turbocharged by the emergence of the Internet and the high-tech economy associated with it.
The second group came of age with inflation, stagflation, the corporate-raider destruction of the 1980s, union-busting and the end of stable, good jobs, among many changes.
Neoliberalism had just left the think tanks and had been deployed in service of combatting the rampant stagflation that had bedeviled the economy of the '70s.
Michael Amey, managing director and portfolio manager at Pimco Europe, explains why the Bank of England should refrain from hiking interest rates for now and offers his thoughts on stagflation in the U.K. economy.
Yet experiencing stagflation and other economic troubles for the first time in the era of mass prosperity provided ample reason for Americans to question the prevailing mixed-economy orthodoxy and ask whether government was overreaching.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'stagflation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Did You Know?
Stagflation is a portmanteau, that is, a word that blends two others (in this case, "stagnation" and "inflation"). The first documented use of the word appeared in 1965 in the writing of British politician Iain Macleod, who wrote, "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." Macleod is often credited with coining the term, and his linguistic invention was quickly embraced by economists in the United States, who used it to refer to the period of economic sluggishness and high inflation that affected the country in the 1970s.
STAGFLATION Defined for English Language Learners
Definition of stagflation for English Language Learners
: an economic situation in which prices of goods and services continually increase, many people do not have jobs, and businesses are not very successful
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