OK. It doesn't have the same lexical qualities as stagflation (combination of stagnation and in flation). Remember the double digit inflation days of the Carter period? It was coupled with little or no economic growth and so the moniker was invented to capture, what was until then, the unusual chara ...

BASEL, Switzerland, April 29 (Reuters) - Stagflation is an increasingly plausible prospect in the United States and weak economic growth could last well into 2009, if not longer, the head of the Bank for International Settlements says. That does not herald a rerun of the economic stagnation and rampant inflation that ran riot during the 1970s