The word "implosion" refers to a collapse or sudden inward destruction of something, usually with a loud noise or a burst. It describes a situation where something collapses or crumbles inwardly instead of exploding outwardly. Full definition
Nor did she downplay the scale of the crisis facing Britain thirty years ago, which, although probably not as scary as today's puff of smoke implosion of banking and business confidence, was seemingly more intractable. (conservativehome.blogs.com)
At the height of the economic implosion in 2009 and 2010, Thunderbird was running annual budget surpluses, but Penley said that due to the fluctuating financial nature of a private institution that relies on tuition, gifts, and grants, Thunderbird is no longer running a surplus. (fortune.com)
County Executive Joanie Mahoney (left), Department of Agriculture and Markets Commissioner Richard Ball (center) and State Fair Acting Director Troy Waffner hold a press briefing at the grandstand on the NYS Fairgrounds as crews prepare for implosion of the building on Saturday. (syracuse.com)