stagflation
Noun

stagflation

  1. (economics) Inflation accompanied by stagnant growth, unemployment or recession.
    • 2013, George R. Tyler, What Went Wrong: The Big Picture: How the 1% Hijacked the American Middle Class … and What Other Countries Got Right, BenBella Books, Inc. (ISBN 9781940363042)
      Moving into the mid-1970s, America's economic performance suffered. Stagflation—inflation combined with minimal economic growth—eroded wages and profits, weakening business and consumer confidence.
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