economic crisis
59
3.7
- noun
- /ˌiːkəˈnɑːmɪk ˈkraɪsɪs/
- The economic crisis led to widespread unemployment, forcing many families to tighten their budgets.
- political and economic crisis
- recent economic crisis
- severe economic crisis
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Watch on YouTubeOur country is facing a profound economic crisis.
- Our country is facing a profound economic crisis.
- Not plunging the world into an economic crisis.
- the Fed is suggesting, and this is their wording, we do not want this economic crisis to turn into a financial crisis.
- Maybe the idea was that during an economic crisis, we shouldn't let banks fail or any deposits be at risk.
- So by calling this economic crisis a recession, it's as if you've got cancer and the media is calling it a cold.
- It's created economic crises in terms of the inability to get different parts of the Japanese economy going again.
- I wrote that book during an economic crisis, for example.
- He can choose between high inflation or he can choose economic crisis.
- Most people think that economic crisis cannot happen in China, but who knows?
- And then the upcoming economic crisis.
- And as you all were thinking through those issues, the policy staff was thinking about economic crisis and the economy almost going over a Cliff.
Examples
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This, on top of an economic crisis that put inflation through the roof, meant daily life for Shanti became simply unaffordable.
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The primary cause recently has been the significant downturn in the economy following the 2008 economic crisis.
Academic text (2017) -
Have our leaders fixed the economic crisis or are we making it worse?
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Most people think that economic crisis cannot happen in China, but who knows?
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Britain has pulled itself out of the economic crisis that he created and we're not going to let him take us back there.
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When the severe economic crisis came to Germany, it was too late.
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A new world order is likely to emerge from the current economic crisis.
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The ever unfolding economic crisis is a challenge for the media as well As for the country.
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The Hong Kong market crashed today, giving rise to concerns about the economic crisis in East Asia.
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The economic crisis of the past decade has brought inflation, famine and chaos to every corner of the globe.
Synonyms
∞
3.1
A very dangerous or difficult time when quick decisions are needed
494
4.6
A period when a country's business activity and jobs go down
71
4.4
A period when the economy or business gets worse
71
4.0
A long time when the economy is weak and many lose jobs
60
4.6
A period when business or the economy falls a lot
Antonyms
How Severe
- Specialized
71
4.0
59
3.7
- Specialized
494
4.6
71
4.4
51
3.7
Surface Forms
Morphology
The meaning ('a severe downturn in the economy') is directly derivable from combining 'economic' (relating to the economy) with 'crisis' (a period of severe difficulty). There is no idiomatic shift or metaphorical extension here, and the composition is cross-linguistically common, so learners who know both words will readily understand the phrase.
Etymology
Economic crisis is a compound of economic (about 'money', 'jobs' and business) and crisis (a sudden, dangerous turning point). Imagine a busy market that suddenly empties: shops close, people lose work and trade slows. That's why the phrase means 'a time when a country's money, jobs and trade fall sharply'.