Bad economic situation

• A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
• Challenge for economists
• Double-whammy economic condition
• Economic lose-lose
• Worrisome economic condition

Wiktionary Word definitions in Wiktionary
n. (context economics English) inflation accompanied by stagnant growth, unemployment or recession.

WordNet Word definitions in WordNet
n. a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)

Douglas Harper's Etymology Dictionary Word definitions in Douglas Harper's Etymology Dictionary
1965, apparently coined by U.K. politician Iain Macleod (1913-1970), from stag(nation) + (in)flation .\n\nAttacking the Government's economic policy last night in the House of Commons, Mr. Iain Macleod (West Enfield - Con.) the Opposition spokesman on Treasury ...

Wikipedia Word definitions in Wikipedia
In economics , stagflation , a portmanteau of stagnation and inflation , is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It raises a dilemma for economic policy , since actions ...