stagˈnāshən, -aig- noun
( -s )
1. : the state or condition of being stagnant : absence or cessation of movement, growth, or activity : torpor
a complete stagnation of technique during the second century — C.A.Robinson
again took up painting after a period of stagnation during the war years — Rhys Gwyn
2. : a phase of mature capitalist economic development characterized by a decline in investment opportunities, an overaccumulation of idle savings, and a low level of income and employment