Stagflation is characterized by slow economic growth and re | UPSC Civil Services Upsc Prelims Mains Exam Current Affairs GS Gk Tricks SSC CGL IAS IFS IPS EPFO PCS UPPCS MPPCS Bihar PCS

Stagflation

is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).

Stagflation can be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP).