Meaning & use

stagnant economy

noun, phrase·Advanced

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UK/ˌstæɡnənt ɪˈkɒnəmi/
US/ˌstæɡnənt ɪˈkɑːnəmi/

Meanings

  1. nouncountable

    An economy that is not growing, with little increase in output, jobs, or wages.

    Grammar: Countable: you can say a stagnant economy or stagnant economies.

    Patterns

    • a stagnant economy
    • the economy remains stagnant
    • stagnant economic growth

    After a decade of a stagnant economy, many young people moved abroad for work.

    The report warned that a stagnant economy would make it harder to fund public services.

    Voters blamed the government for the stagnant economy and falling living standards.

  2. phrasefixed phrasefigurative

    Used more generally to describe any situation or system that has stopped developing or improving.

    Grammar: Usually appears as be + stagnant, describing a thing rather than a person.

    Patterns

    • something is stagnant
    • a stagnant market
    • stagnant wages

    Wages have been stagnant for years, even as prices rise.

    The company's sales were stagnant until it launched a new product line.

Word forms

pluralstagnant economies

Common combinations

a stagnant economy
A stagnant economy offers few opportunities for new graduates.
remain stagnant
Household incomes remained stagnant throughout the 2010s.
stagnant growth
Analysts described the figures as stagnant growth rather than recovery.
stagnant wages
Workers protested against stagnant wages and rising rents.
revive a stagnant economy
The tax cuts were meant to revive a stagnant economy.

Synonyms and how they differ

sluggish economy
A sluggish economy is still growing, but very slowly; a stagnant one has almost stopped growing.
flat economy
A flat economy shows no change in output; it is a more neutral, statistical word than stagnant.
depressed economy
A depressed economy is shrinking or badly weakened, which is worse than merely stagnant.

Opposites

booming economygrowing economy

Word family

stagnate verb
to stop growing or developing
stagnation noun
the state of no longer growing or improving
stagnant adjective
not flowing or not developing

Commonly confused: stagnant economy or stationary? stagnant economy or recession?

stagnant economy vs stationary

Stationary means not moving from one place; stagnant means not growing or developing.

stagnant economy vs recession

A recession is a period when the economy shrinks; a stagnant economy simply fails to grow.

Practice

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