# Stagflation

*Macro & Economy — Finicade finance glossary*

The nasty combination of stagnant growth and high inflation — the Phillips-curve trade-off breaking down so both problems hit at once. The 1970s oil shocks are the classic case.

**Related terms:** [Inflation](https://finicade.com/glossary/inflation), [Recession](https://finicade.com/glossary/recession), [Phillips Curve](https://finicade.com/glossary/phillips-curve)

Source: https://finicade.com/glossary/stagflation