Double-whammy economic condition

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

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)

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 ...