stagnationa lack of activity, growth, or development in an economyEconomic stagnation combined with rising prices creates a condition known as stagflation.NoteEconomic stagnation combined with rising prices creates a condition known as stagflation.Elon.io is an online learning platformWe have an entire course teaching IELTS Vocabulary — Band 7+ grammar and vocabulary.Start learning IELTS Vocabulary — Band 7+ now