Double-whammy economic condition

• 1970s woe
• A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
• Bad economic situation
• Worrisome economic condition

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 ...

Longman Dictionary of Contemporary English Word definitions in Longman Dictionary of Contemporary English
noun EXAMPLES FROM CORPUS ▪ Most of the downtown bread stores have been driven out of business by stagflation . ▪ This will be difficult to do in a period of stagflation .

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)

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 ...