The Rust Belt is a region in the United States, predominantly including areas in Pennsylvania, West Virginia, and the industrial Midwest, characterized by a high concentration of industries focused on iron and steel production. It broadly represents traditional American manufacturing sectors with largely unmodernized plants and facilities.
Stagnation refers to a period of no or slow economic growth, or economic decline in real (inflation-adjusted) terms. Economic growth of about 1% or less per year is generally taken to constitute stagnation.
