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Economic stagnation
 
 
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Economic stagnation, often called simply stagnation, is a prolonged period of slow economic growth
Economic growth

Economic growth is the increase in the amount of the goods and services produced by an economics over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP....
 (traditionally measured in terms of the GDP growth). Under some definitions, "slow" means significantly slower than potential growth as estimated by experts in macroeconomics
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
. Under other definitions, growth less than 2-3% per year is a sign of stagnation.

The term bears negative connotations, but slow economic growth is not always the fault of economic policymakers.






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Economic stagnation, often called simply stagnation, is a prolonged period of slow economic growth
Economic growth

Economic growth is the increase in the amount of the goods and services produced by an economics over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP....
 (traditionally measured in terms of the GDP growth). Under some definitions, "slow" means significantly slower than potential growth as estimated by experts in macroeconomics
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
. Under other definitions, growth less than 2-3% per year is a sign of stagnation.

The term bears negative connotations, but slow economic growth is not always the fault of economic policymakers. For example, potential growth may be slowed down by catastrophic or demographic reasons.

Economic stagnation theories originated during the Great Depression
Great Depression

File:International depression.pngThe Great Depression was a worldwide economic Recession starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries....
 and came to be associated with early Keynesian economics
Keynesian economics

Keynesian economics The theories forming the basis of Keynesian economics were first presented in The General Theory of Employment, Interest and Money, published in 1936....
 and Harvard University
Harvard University

Harvard University is a private university in Cambridge, Massachusetts, Massachusetts, United States, and a member of the Ivy League. Founded in 1636 by the colonial Massachusetts legislature, Harvard is the Colonial Colleges institution of higher learning in the United States....
 economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
 professor Alvin Hansen
Alvin Hansen

Alvin Harvey Hansen , once referred to as "the American Keynes", brought the 1930s Keynesian economics revolution to the United States. A professor of economics at Harvard, he was a prolific writer who also played an important role in the creation of the Council of Economic Advisors and the Social Security System....
.

Other terms related to economic dynamics include:
  • Business cycle
    Business cycle

    The term business cycle or economic cycle refers to economy-wide fluctuations in production or economic activity over several months or years, around a long-term growth trend....
  • Economic rejuvenation
    Economic rejuvenation

    Economic rejuvenation, often called economic growth is a prolonged period of fast economic growth . By some definitions, "fast" means that it is significantly faster than a potential growth as estimated by experts in macroeconomics....
  • Recession
    Recession

    In economics, the term recession describes the reduction of a country's gross domestic product for at least two Calendar_year#Quarters. The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction....
  • Stagflation
    Stagflation

    Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time. The Portmanteau word "stagflation" is generally attributed to British politician Iain Macleod, who coined the term in a speech to Parliament of the United Kingdom in 1965....


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