The phrase "sharp slump" means a sudden and significant drop or decrease in something. It describes a rapid decline or decrease in an amount, level, or value of a particular thing. Full definition
Bitcoin price initiated the declines from $ 8,188 followed by s sharp slump below $ 8,000 level. (fxstreet.com)
China, a country that some critics say should be in a category of its own, is the best - performing in the group, with gross - domestic product growth of over 7 percent a year but still faces a sharp slump in its property market. (cnbc.com)
Analysts have also questioned Coles» fuel supply agreement with Viva Energy following another sharp slump in fuel volumes in the March quarter. (afr.com)