Definition of "stagnation" [stag•na•tion]

• Inactivity (noun)
• Being stagnant; being without circulation (noun)

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• "In his view of history, other developing countries heeded the "Washington Consensus" to dismantle every possible restraint on markets—and "ended up in economic collapse and long-term stagnation.""
• "Wage stagnation is the result of political changes that have made it possible for there to be huge concentrations of income at the very top, and rising health care costs."
• "Highlighting the gloomy mood in financial markets, Chinese Vice Premier Wang Qishan warned over the weekend that the global economy faces long-term stagnation."