Definition, Meaning & Synonyms
no-growth
adjective
/noʊ ɡroʊθ/
Definition
A term used to describe an economic situation or condition where there is no increase in production, output, or overall economic performance over a particular period.
Examples
- The company faced a no-growth scenario, prompting management to rethink its strategies.
- During the recession, many industries experienced a no-growth environment, making it difficult to hire new employees.
- The government’s policies aimed to overcome the no-growth trend that had affected the economy for years.
Meaning
No-growth refers to a stagnation in economic development, where businesses do not expand or generate additional revenue.
Synonyms
- Stagnation
- No expansion
- Flat growth
