ByErik Sherman,
Senior Contributor.
Stagflation is a word that has been mentioned a lot over the last year. Relatively few people have experience with it, and it’s not something you want for the economy. But current conditions make it seem the destination for the country.
The term means a combination of tepid but still positive growth, rising inflation, and growing unemployment that can turn out to be fairly unpleasant to live through.
In the 70s and going into the 80s was a classic example of stagflation.
