/kəmˈpleɪsnsi/

com·pla·cency

BrE /kəmˈpleɪsnsi/

NAmE /kəmˈpleɪsnsi/

[U] (usually disapproving)

a feeling of satisfaction with yourself or with a situation, so that you do not think any change is necessary; the state of being complacent

Despite signs of an improvement in the economy, there is no room for complacency.