Today’s “Word of the Day” is “stagflation“ and it is a noun and its meaning is “a period of rising inflation, slowing economic growth & rising unemployment. (portmanteau word is a blend of two or more words, in this case “stagnation” and “inflation”.”.
Example Sentence: Rather than rethink, (The UK’s Chancellor of the Exchequer) Rishi Sunak dug his heels in. In his speech he called for a “new culture of enterprise” and lower taxes to promote growth… Mr. Sunak may be reverting to type because of a largely forgotten component of Thatcherism that may prove useful in the years ahead. Margaret Thatcher came to power after a decade of economic problems. In the 1970s, these were captured by the portmanteau “stagflation” to describe what happened when high unemployment and high inflation rates occurred simultaneously.
This word is present in The Guardian article The Guardian view on Rishi Sunak’s politics: profits above wages and click here to read it.
Courtesy: The Guardian
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