An
"economic crash" refers to a sudden and significant decline in the overall health and performance of an economy. It means that the economy is experiencing a severe downturn, leading to decreases in various key indicators such as employment, business activity, production, and overall economic growth. This can result in widespread financial hardship, job loss, and a decline in business opportunities.
Full definition
Throughout the nation, people are beginning to see that the
latest economic crash is not going away anytime soon, and they need help immediately.
«Who could have predicted the
global economic crash back in the 1970's, or for that matter, the invention of the hoverboard?
The Miliband government seems to lack the vision of his predecessors and becomes mired in the economic storms unleashed by the Lehman Brothers collapse in 2007 and the subsequent
economic crash in 2008.
A young Israeli journalist, left unemployed after America's most
recent economic crash, questions her life path when she begins dating a middle - aged widower still in mourning for his wife.
It is not hard to calculate that Lady Bird graduated in 2007, just before the
biggest economic crash since Great Depression happened, leaving her with no prospects of getting a job and in a devastating student loan debt.
We wage the wars, commit the felonies, and precipitate the global
economic crashes due to our greed and stupidity.
«My company and I entered the space in an upmarket as well; the only difference being it was really just a matter of months before one of the biggest
economic crashes ever.
Cameron's failure to win an overall majority in 2010, despite facing, in former Labour Party leader Gordon Brown, a prime minister who had presided over the
greatest economic crash since the 1930s, was testimony to the depth and darkness of the hole into which the Conservatives had dug themselves in the long years of Labour's ascendancy.
«At this point,» says Jared Dillian, a former Wall Street trader and contrarian analyst who predicted Canada's
looming economic crash early on, «you'd have to live under a rock to not realize what's going on.
She situated the current moment in the
post-2008 economic crash which «led to the scapegoating of the other» and the current Trump / Brexit moment where «immigration has taken on an unprecedented salience».
«And it's not just the climate change deniers and petrochemical companies throwing huge amounts of money into the debate, we've also had a
huge economic crash.
The government needs to act straight away to secure jobs and keep the economy moving — too many working people are still carrying the can for the
last economic crash, they can ill afford another one.
They then come up with another bizarre statement, that «government is on trial as well as the markets» when everyone actually knows there is a need for restoring a strong positive role for government which alone was able to bail out the banks and prevent a global
economic crash as well as alone having the capacity to deal with soaring energy bills and transport fares, tackle climate change, and counter the bonus greed and tax avoidance of the super-rich.
Citi warned immediately ahead of the election that a devastating
global economic crash would ensue should the Queens - born businessman triumph — though the company gave him only a one - in - three chance of winning.
Combine this with other economic giants who stand to lose big if enough people around the globe get healthy, including the pharmaceutical industry, and Wall Street's healthcare sector — improving world health could cause a
big economic crash.
Ever since
the economic crash of 2008, recovery has always seemed just around the corner.
The dollar index, which compares it to a basket of global currencies, was down around 10 percent last year after several years of gains as the U.S. economy improved following the global
economic crash.
Policymakers in countries across the globe face a dilemma: risk
an economic crash by stepping away from their maligned economies, or provide their debt - addicted with another dose of stimulus.
Experts predict that we are headed toward
another economic crash like the one in 2008.
Ten years later, possibly as a reaction to
the economic crash of 2008, an unknown developer, only known to this day as Satoshi Nakamoto, published a whitepaper about a decentralized, peer - to - peer electronic cash system, which went live as an open - source project (meaning any developer could contribute to it) in 2009.
With
the economic crash of 2008, the workforce has undergone major changes.
Companies like Shinola — which makes high - end watches, bicycles and more — provide careers in areas of Detroit devastated by
the economic crash.
But that and many of the sport's other plans flamed out after the recession, when the states that many fans come from — Florida, Georgia, Alabama, Mississippi, Arkansas, and California — were hit the hardest by
the economic crash.
Two world wars and
an economic crash come and go, as international football carves out its place, without quite ridding itself of its ramshackle, amateurish air.
If
the economic crash had started in 2009 rather than 2008 (or 2007 if you prefer), then it would have been perceived as McCain's problem more than Bush's.
«Nigel Stanley, Head of Campaigns and Communications at the TUC, suggested that a driver for
the economic crash was an unequal economy» Eh?
Ed Balls, Labour's shadow Chancellor, will be a formidable opponent but must watch his flank from attacks over his own role in Britain's
economic crash.
Sir Vince Cable, the prophet who predicted
the economic crash, looks lost in the wilderness as Liberal Democrat leader.
«We are by far the most trenchant and critical of what's happened in the banking industry,» Mr Clegg said, before reiterating his view that the City bore significant responsibility for
the economic crash of 2008.
And the rest of the country has felt it, particularly since
the economic crash of 2008.
Mr Darling, who ran the Treasury during
the economic crash, is saying: «I am even more worried now than I was in 2008.
Project Fear hits «hysterical» new levels as Darling warns Brexit will trigger another economic crash
But after
the economic crash, the accusation that New Labour would not stand up to powerful moneyed interests, mainly for fear of being considered anti-business, toxified the brand.
Labour's Dennis Skinner teased the prime minister about leaving «austerity - riddled Britain to wine and dine at Davos» with top bankers who caused
the economic crash and tax - avoiding millionaires.
But in the aftermath of
the economic crash, Sundance has bounced back and returned to the kind of core values championed by Robert Redford.
It's kind of a big comedy version of The Wolf of Wall Street, about a group of bankers who decide to pull off a huge defrauding scheme to take the banks for their money during
the economic crash of 2008.
It is a hitman movie that is disguised under a film about
the economic crash.
Dynamic comedy The Big Short is based on the true story of the bankers who predicted
the economic crash.
It's a bitter truth — at least for people like me — that the need for critics will always be reconsidered after
an economic crash.
This economic crash, and the desperation of people on both sides of the crash to adapt to these chaotic new times, is the focus of 99 Homes, the latest from director Ramin Bahrani (Man Push Cart, Chop Shop).
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