stagflation

Collectively, they are termed stagflation. Currently, stagflation has endangered the future of the poor.

The real dilemma or challenge facing this government though is that the Pakistani economy may have well and truly entered 'Stagflation' - A phenomenon outlining an economic condition combining slow growth and relatively high unemployment with rising prices, or inflation.

This happened in the 1970s, when the West was mired in stagflation and political dysfunction and many thought the Soviet Union was stable and on the march.

Market yields backed up that week to retest trend highs, before slumping with stocks rolling over again along with crude prices amid signs of slowing growth (or stagflation as former Fed Chairman Greenspan contends).

An Young-jin, an economist at SK Securities, said the economy is nearing the entrance of stagflation, where stagnant growth is coupled with inflation.

Governor Godwin Emefiele said, 'Considering the importance of price stability and being mindful of the limitations of monetary policy in influencing output and employment under the conditions of stagflation, committee decided unanimously in favour of retaining the current stance of monetary policy.'

Summary: If we get stagflation, the Fed must learn how to shock us again

"Disillusionment with government can be traced back to the grand betrayals and failures of the 1960s and '70s: Vietnam, Watergate, stagflation, the growth of the underclass.

The lethal fiscal bout of the "stagflation" era of 1973-1974 and 1978-1980--when interest rates ballooned, unemployment rose quickly, economic growth flattened and inflation spiked to double-digit levels (partially due to skyrocketing oil prices) were the last time a new economic trend challenged our ability to properly define it.

Not long ago, Turkey was faced with stagflation but now it has a strong currency and its economy is thriving.

The CBI noted that the fall in inflation rate started in November 2013, two months after Rouhani warned that the Iranian economy was in the state of stagflation, a situation where the inflation rate is high and the economic growth rate slows down.

"This will put upward pressure on the salary scale in the private sector," he said, adding that introducing other adjustments in the private sector salaries would push the economy into a vicious circle of increasing salaries and prices that would create stagflation.