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English definition of “stagnation”

stagnation

noun [U]
 
 
/stæɡˈneɪʃən/ ECONOMICS
a state in which growth or development stops: The Chancellor's policy was to expand into new markets in order to avoid economic stagnation. Berlin's real-estate market finally recovered from a long period of stagnation. price/salary stagnation
(Definition of stagnation from the Cambridge Business English Dictionary © Cambridge University Press)
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