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: --
It is what economists used to call stagflation, but surely it is still stagflation.
I fear that, as a result, we are heading back to what may still appropriately be called "stagflation".
We suffer from a disease which has been somewhat inelegantly but expressively described as stagflation.
The more we weaken manufacturing, the more we build the stagflation society.
That is the phenomenon known as stagflation; rising prices in a stagnating economy, with high unemployment.
We may even have stagflation bouncing along the bottom.
Having slipped into stagflation, there are therefore three possible courses open to us.
But, currently, we are suffering from "stagflation", in which we have the worst of both worlds—unemployment coupled to inflation.
