Glossary entry (derived from question below)
English term or phrase:
stagflation
Catalan translation:
Estagflació
English term
stagflation
If monetary authorities respond appropriately to growing inflationary pressure - recognising that much of it is imported, and not a result of excess domestic demand - we may be able to manage our way through it. But if they raise interest rates relentlessly to meet inflation targets, we should prepare for the worst: another episode of stagflation. (guardian.co.uk)
Once stagflation occurs it is difficult to deal with. The measures a government would usually take to revive an economy in recession (cutting interest rates or increasing government spending) will also increase inflation. (moneyterms.co.uk)
Folks of a certain age might remember the stagflation which dominated the US economy in the 1970s. It was a gloomy time when energy prices (and gasoline lines) dominated the news; when whole industries slumped at the same time, and when job losses and price hikes seemed to travel in tandem. (boston.com)
| 5 +2 | Estagflació |
Guio (X)
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Jan 15, 2010 13:03: changed "Kudoz queue" from "In queue" to "Public"
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Proposed translations
Estagflació
"(...) D’aquesta manera, i amb prou feines concebuda com a problema, l’estagflació es va convertir de sobte en una realitat que, segons les teories econòmiques del moment, era del tot anòmala (...)" (La Caixa)
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