Source : Webster's Revised Unabridged Dictionary (1913)

Stagnation \Stag*na"tion\, n. [Cf. F. stagnation.]
   1. The condition of being stagnant; cessation of flowing or
      circulation, as of a fluid; the state of being motionless;
      as, the stagnation of the blood; the stagnation of water
      or air; the stagnation of vapors.

   2. The cessation of action, or of brisk action; the state of
      being dull; as, the stagnation of business.

Source : WordNet®

stagnation
     n 1: a state of inactivity (in business or art etc); "economic
          growth of less than 1% per year is considered to be
          economic stagnation" [syn: {stagnancy}, {doldrums}]
     2: inactivity of liquids; being stagnant; standing still;
        without current or circulation [syn: {stagnancy}]