What are anti-Goldilocks economies?

An anti-goldilocks economy refers to a situation where inflation is too high and economic growth is too low, an unfavourable combination for economic stability. This term was introduced in March 2022 by Joachim Fels and Andrew Balls of Pimco, in their analysis of the economic impact of the war in Ukraine. They described how this situation can lead to stagflation, where the global economy faces higher prices and lower growth due to disruptions in energy prices, supply chains, tighter financial conditions, and decreasing confidence.