What is Stagflation and why is it a worry for the economy?

[Alex]

When people hear the words “rising prices and weak economic growth” they often ask what is meant by “stagflation”. The stagflation definition refers to a time when both inflation and unemployment are rising, but economic activity is declining. Economists use the term stagflation to describe one of the most challenging economic scenarios to deal with. Stagflation can generate fear among investors, decrease business profits, and slow down consumer spending.
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