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economic crisis

DEFINITIONS OF: economic crisis

1

n a long-term economic state characterized by unemployment and low prices and low levels of trade and investment

Synonyms:
depression, slump
Examples:
Great Depression
the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
Type of:
crisis
an unstable situation of extreme danger or difficulty
economic condition
the condition of the economy
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