Choose your...

Country Language
FINAL DAYS
70% off
for 3 months
FINAL DAYSStart fresh this new year with QuickBooks Online
DON'T MISS OUT
Buy now and get 70% off for 3 months Claim offer
DON'T MISS OUT
Claim offer
SALE
Buy now and
save 70% off today
See plans + pricing

What is Stagflation?

What is Stagflation? (Definition)

Stagflation is a term that was first introduced in 1965 by Iain Macleod, a British politician. During a time of economic downturn in the UK, Macleod made a statement calling the period of stagnation and inflation a “stagflation situation.” It refers to a period of high recession accompanied by high unemployment and stagnant demand in a country’s economy.

Related articles

Running a business

Stagflation: A Small Business Owner Guide - QuickBooks

Running a business

How do you recession proof your business

Accounting and bookkeeping

Small Business Accounting Checklist: 33 Things to Do and When to Do Them

Ready to run your business better with QuickBooks Online?
hand-icon

Hello!

hand-icon

Hello! How can we help?

close button

Available 24 hours, Monday - Sunday

All our agents are currently busy

Need product support?

Visit our support hub