导致经济滞胀的原因包括内因、外因多个方面。本文旨在从国际收支的角度来分析我国当前经济的增长态势和物价水平,指出随着我国经济逐渐融入世界经济,与国际市场的一体化程度提高,在美国次贷危机以及我国长期“双顺差”等因素的影响下,我国的经济运行已显露出一些“滞胀”迹象,并且存在着较强的滞胀预期。 The causes of economic stagnation include many aspects of internal and external causes. The purpose of this paper is to analyze the current economic growth and price level from the perspective of balance of payments. It is pointed out that with the gradual integration of our economy into the world economy and the increase of integration with the international market, Double surplus “and other factors, our country’s economic operation has revealed some signs of” stagflation ", and there is a strong expectation of stagflation.