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English definition of “stagnate”

stagnate

verb [I]     /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.
stagnating adjective
(Definition of stagnate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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