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What Is Stagflation?

When high inflation is paired with slow growth or even economic contraction, the cost of living rises faster than peoples’ ability to pay. Left unchecked, stagflation can lead to greater inequality and can increase poverty. It’s a phenomenon that the world has not seen since the 1970s. What is the difference between then and now? Our series "Since you asked" answers. Watch this explainer video and learn more: http://wrld.bg/bq5v50MYBPB 00:00 What is stagflation? 00:13 Stagnation 00:23 Inflation 00:32 Stagflation 00:45 What happened in the 1970s 01:02 Reducing the risks of stagflation 01:26 Learn more ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org MB01R8W4E5H3SME