Stagflation
Stagflation is the combination of weak growth and persistent inflation.
Why It Matters
It removes the usual policy escape: supporting growth risks worse inflation, and fighting inflation deepens the slowdown.
Related Terms
- InflationInflation is the rate at which the general level of prices rises, reducing what a unit of currency buys.
- RecessionA recession is a broad, sustained contraction in economic activity across output, employment, income and spending.
- Monetary PolicyMonetary policy is a central bank's management of interest rates and the money supply, usually to keep inflation near a target.
- Economic GrowthEconomic growth is the increase in the value of goods and services an economy produces over time.
VANTAGE52 Coverage
Published reporting filed under the topics behind this concept.
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