Relating to or characterised by stagflation — a condition of simultaneous economic stagnation (low growth, high unemployment) and high inflation

Blend of stagnation + inflation, coined by British MP Iain Macleod in 1965

Inflationary-recessionary
Expansionary Deflationary
"Goldman Sachs warned of stagflationary pressures in India as GDP growth slows to 5.9% while inflation rises to 4.6% due to the oil supply shock."

Use in GS3 economy answers when discussing monetary policy dilemmas where the central bank must choose between fighting inflation and supporting growth.

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