[helsinkiandrew]

Stagflation is inflation+low (or -ve) growth + higher unemployment.

If inflation (or some other shock) caused growth to head towards 0 with unemployment going above ~4% I believe economists would say it was a stagflation try period

[BizarroLand]

Stagflation is the simultaneous appearance in an economy of slow growth, high unemployment, and rising prices.

Thousands of people are getting laid off every week, prices are higher than they have ever been for most goods and services, and while unemployment is low, the number of jobs available per person looking for work is less than the number of people looking for work, the government is shut down for now, and there are promises/threats of more jobs and positions being cut before it opens back up.

Really walking the razors edge here, lol.