Definition, Meaning & Synonyms

economic-stagnation

noun

/ˌiː.kəˈnɑː.mɪk ˌstæɡˈneɪ.ʃən/

Definition

Economic stagnation refers to a prolonged period of little or no growth in a country’s economy. This situation is characterized by a lack of significant economic activity, where various indicators like employment, income, and production do not show substantial improvement.

Examples

After several years of economic stagnation, the country implemented new policies to encourage growth.
The economic stagnation in the region discouraged investment and job creation.
Many experts are worried that economic stagnation could lead to higher unemployment rates.