0 an economic situation in which prices keep rising but economic activity does not increase
1 a situation in which prices keep rising but economic activity does not increase:
This is because liberalization is usually triggered by conditions of stagflation that necessitate reduction of government expenditure.
Even though the stagflation crisis hit all developed nations with almost equal harshness, privatization strategies were anything but pervasive.
We had this stagflation, and there was frustration in the country about what was then considered a high rate of inflation, with sluggish growth.
I have agreed with him from the point of view of stagnation or "stagflation", as he called it, and on unemployment and investment.
I fear that we are heading for "stagflation", to use an old-fashioned term.
We get, in fact, stagflation, which is what we have had over the last six months.
It is not some temporary piece of stagflation.
But, currently, we are suffering from "stagflation", in which we have the worst of both worlds—unemployment coupled to inflation.
