secular stagnation
(en)
a condition of negligible or no economic growth in a market-based economy ("secular" as in "long-term", in contrast to "cyclical" or "short-term")
The economics profession regards the subsequent failure of economic activity as the new norm – ‘secular stagnation’. Interest rates are thought merely to reflect in a passive way this dismal outlook, one expected to extend indefinitely into the future.
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6 years, 7 months ago