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|English to Farsi (Persian) translations [PRO]|
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Finance (general)
|English term or phrase: stagflation|
|Definition from enotes.com:|
The term stagflation is sometimes used to describe a situation in which there is slow to zero growth in real output, high inflation exists, and unemployment is higher than normal. This situation usually begins with rising prices at times when production is declining. Because of declining production, unemployment also increases. All three of these factors combined cause stagflation—stagnation in production and employment together with increasing inflation.
- If monetary authorities respond appropriately to growing inflationary pressure - recognising that much of it is imported, and not a result of excess domestic demand - we may be able to manage our way through it. But if they raise interest rates relentlessly to meet inflation targets, we should prepare for the worst: another episode of stagflation. guardian.co.uk
- Once stagflation occurs it is difficult to deal with. The measures a government would usually take to revive an economy in recession (cutting interest rates or increasing government spending) will also increase inflation. moneyterms.co.uk
- Folks of a certain age might remember the stagflation which dominated the US economy in the 1970s. It was a gloomy time when energy prices (and gasoline lines) dominated the news; when whole industries slumped at the same time, and when job losses and price hikes seemed to travel in tandem. boston.com
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