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What Does STAGFLATION Mean?STAGFLATION means "Rising Inflation with Slow Economic Growth and High Unemployment."
Stagflation is a term used in economics to refer to a period when slow (or stagnant) economic growth and high unemployment coincide with rising prices (or inflation).
Stagflation first occurred in the 1970's, when a cut in oil exports by the Organization Of Petroleum Exporting Countries (OPEC) led to a doubling in the price of crude oil.
Fears of stagflation in 2022 are fueled by the effects of the COVID-19 pandemic and Russia's invasion of Ukraine. However, as at May 2022, most economists predict that a period of stagflation is not inevitable.
Image for STAGFLATIONWhen I write STAGFLATION, I mean this: Stagflation is rising inflation with stagnant economic growth and high unemployment
Summary of Key Points"Rising Inflation with Slow Economic Growth and High Unemployment" is the most common definition for STAGFLATION on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
|Definition:||Rising Inflation with Slow Economic Growth and High Unemployment|
An Academic Look at STAGFLATIONAs it is formed by merging two words (or parts of words) into one, stagflation is classified as a portmanteau word. It is formed by amalgamating stag (from stagnant) and flation (from inflation).
Other examples of portmanteau words are smog (smoke and fog), brunch (breakfast and lunch), and nexy (nerdy and sexy).
Stagflation is a neologism (i.e., a newly coined word or term which has emerged into everyday usage). Some neologisms are formally accepted into mainstream language (at which point, they cease to be neologisms), and some wither until they can longer be considered everyday terms.
A neologism can be:
- A completely new word (e.g., oversharers).
- A new combination of existing words (e.g., digital detox).
- A new meaning for an existing word (e.g., sick).
What Did We Say before Texting and Social Media?The use of stagnation pre-dates the digital era.
Example of STAGFLATION Used in a Text
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