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Glite Dictionary
slumpflation

slumpflation

9.9
A time when the economy is weak while prices rise
  • noun
  • /ˌslʌmpˈfleɪʃən/
  • Specialized
: estanflación
  • The government struggled to address the effects of slumpflation on unemployment and the cost of living.

Examples

  • During the 1970s, several countries experienced slumpflation that challenged traditional economic policies.

  • Experts debated whether slumpflation required different solutions than either inflation or recession alone.

  • The country is facing a serious slumpflation crisis.

  • Experts warn that slumpflation could lead to widespread unemployment.

  • In the 1970s, the United States faced slumpflation, leading to higher prices and rising unemployment.

  • The government is implementing measures to tackle slumpflation, which is causing both inflation and economic stagnation.

  • Many economists are concerned that the combination of stagnation and inflation known as slumpflation could worsen the recession.

Synonyms

stagflation
vsslumpflation
  • Specialized
4 9.6

A time when the economy has little or no growth, many people without jobs, and rising prices

describes a more severe downturn that reaches depression rather than mere stagnation

Antonyms

prosperity
201 3.7

A time when people or a country have money and success

boom
148 2.8

A time of fast growth in the economy and more jobs

Surface Forms

slumpflation singular
slumpflations plural

Morphology

slumpflation = slump + inflation (transparent) = slump + inflation

Meaning is directly derived from the clear combination of 'slump' and 'inflation' and follows a productive coinage pattern in economics.

Etymology

The word slumpflation comes from joining slump (a 'fall' in jobs or the economy) and inflation (a 'rise in prices'). It names the difficult situation when the economy is falling while prices keep rising, so you get both low growth and higher costs at the same time.