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stagflation

 (n): a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
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8 months ago reesetee said:

Ah! Okay, got it.

8 months ago kewpid said:

Yup. I meant 'here' as in when stagflation happens, not in Australia :P

8 months ago reesetee said:

Kewpid, you're in Australia, right?

8 months ago kewpid said:

I don't think it is possible to coin a word of enough scariness to describe what is happening in the economy here.

8 months ago maesepedro said: Galbraith hated this word, and all other neologisms invented by economists as far as I can make out

9 months ago kewpid said:

The dubious honour of increasing inflation and unemployment, such as during the 1970s oil shocks.

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