Economic stability refers to an absence of excessive fluctuations in the macroeconomy. An economy with fairly constant output growth and low and stable inflation would be considered economically stable. An economy with frequent large recessions, a pronounced business cycle, very high or variable inflation, or frequent financial crises would be considered economically unstable.
Read more about Economic Stability: Theoretical Definition, Empirical Measures
Famous quotes containing the words economic and/or stability:
“A different world can be created or re-created—but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide.”
—Gloria Steinem (b. 1934)
“Chastity is the cement of civilization and progress. Without it there is no stability in society, and without it one cannot attain the Science of Life.”
—Mary Baker Eddy (1821–1910)