A crisis refers to a difficult or dangerous situation that causes great stress or uncertainty. It is a moment when something goes wrong or is at risk, requiring immediate attention and action to resolve it. Full definition
If the progress we have seen over the last several years is sustained, the incidence of financial crises in emerging markets will be lower, and the dynamics significantly different. (newyorkfed.org)
Political messages are often devoid of content, but more than ever does it count in a situation of crises of how they are transmitted, announced and perceived. (blog.politics.ox.ac.uk)
The last major national housing correction followed the global economic crisis in 2008. (hiva.ca)