The phrase "stagnant growth" means that something is not progressing or advancing, and it remains in the same state without any improvement. Full definition
He cited the banking collapse and recession, together with the effect of the coalition's deficit reduction agenda, as reasons for stagnant growth in the last nine months. (politics.co.uk)
He has also overseen a collapse in living standards, years of stagnant growth and a shameful under - investment in infrastructure. (labour-uncut.co.uk)
The sales halt will also cause a major blow to the company, which has been struggling with stagnant growth of its mobile business in recent quarters. (ibtimes.com)