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. (inflation is the sustained/continuous rise in the overall price level of goods and services in the economy).
Example Sentence: During the pandemic, governments of these developed markets are facing a double whammy (two-fold problem), experiencing weak growth while racking up debt-by an additional 50 percentage points, according to Gibbs, the Institute for International Finance IIF’s managing director of global policy initiatives. Gibbs added: “In the long run, the risk from mature markets is kind of stagflation-weak growth, having to keep rates low indefinitely. That’s a big problem.”
This word is present in CNBC article Surging debt during the pandemic is creating dangers for investors and developed countries and click here to read it.
Courtesy: The Guardian & The Economic Times
“Phrasal Verbs” We Learnt Last Week
“Idioms & Phrases” We Learnt Last Week
“Important Definitions” We Learnt Last Week