What Is Stagflation?

Stagflation refers to the phenomenon of high inflation in the country when the GDP growth rate is zero or negative. Under normal circumstances, rapid economic growth will bring higher inflation. When the economy does not grow or is negative, the inflation rate of a region should also be negative (except for economic recessions caused by war and other reasons). ).

Stagflation era

The occurrence of stagnation will reduce the living standards of the people, making

The stagflation era can be said to be the phenomenon of stagflation in most countries and regions (or major economies) worldwide. The phenomenon of non-growth or negative growth of the national economy is widespread, and the inflation rate is also high.