economic crisis

/ɛkəˈnɑmɪk ˈkraɪsɪs/
/ɛkəˈnɒmɪk ˈkraɪsɪs/
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Other forms: economic crises

Definitions of economic crisis
  1. noun
    a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
    synonyms: depression, slump
    see moresee less
    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
Pronunciation
US
/ɛkəˈnɑmɪk ˈkraɪsɪs/
UK
/ɛkəˈnɒmɪk ˈkraɪsɪs/
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