Meaning of “stagnate” in the English Dictionary

(Definition of “stagnate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"stagnate" in American English

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stagnateverb [ I ]

us /ˈstæɡ·neɪt/

to stay the same and not grow or develop:

The local economy stagnated when the factories closed.
noun [ U ] us /stæɡˈneɪ·ʃən/

High costs have caused stagnation in the building industries.

(Definition of “stagnate” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"stagnate" in Business English

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stagnateverb [ I ]

uk /stæɡˈneɪt/ us /ˈstæɡneɪt/ ECONOMICS

to stop growing or developing and not show any signs of activity:

The housing market stagnated as rising interest rates squeezed many buyers out of the market.
While the volume of traffic soared during the past two decades, transportation funding stagnated.

Michigan is struggling with high unemployment and a stagnating economy.

(Definition of “stagnate” from the Cambridge Business English Dictionary © Cambridge University Press)