Brits love a short-hand phrase — just ask those who like to “chillax” or went round calling the Queen’s 70th anniversary the “ Platty Joobs ”.
It turns out economists have a similar habit. When an economy is ravaged by high inflation but stagnated growth, the number boffins have put the two together to make “stagflation”.
It also seems that this “branding” for when the two less-than-desirable economic performances meet is no modern term either.
