0 unsuccessful or showing no activity or development: --
1 an area of sea where ships are unable to move because there is no wind --
3 a situation in which there is high unemployment, very little economic activity or growth, etc.: --
What will it take to lift the UK manufacturing industry out of the doldrums?
NASDAQ is down sharply again and its European counterparts are still in the doldrums.
Changes began during Japan's doldrums when the government tried to revive growth by steadily deregulating sections of the economy.