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secular stagnation
Secular stagnation is an economic condition in which the economy is in a slump, with negligible or no growth for a prolonged period, that it may never be able to escape. In a secular stagnation, the economy has insufficient investment demand to absorb all the financial savings done by households and corporations, even with interest rates so low as to risk financial bubbles.
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- Part of Speech: noun
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- Category: International economics
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