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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")


This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

—p.180 The Source of Secular Stagnation (179) by Ryan Avent
notable
8 years, 9 months ago