"Economic downfall" refers to a situation where there is a significant decline in the overall economic activity of a country or region. It typically involves a decrease in production, employment, incomes, and the overall health of the economy, often leading to hardships for individuals and businesses.
Full definition
Out of the Furnace tells a story of humble people trying to scrape by in a time
of economic downfall.
Maude Barlow, national chairwoman of the Council of Canadians, has called the deal a «resource grab» by a faltering EU that's resisting its
own economic downfall.
Steven, along with very few other economists, had the foresight to predict the inevitability of a
serious economic downfall, and he took initiative to warn the general public since December 2006.
With the
recent economic downfall we have experienced the last several years, more and more Americans are facing this problem.
Quick question: I live in Rio and often pay for off - peak deep - discounted tickets on AA to the States for a ridiculously low price, especially given Brazil's
current economic downfall - I think all of the airlines are begging Brazilians to travel.
A big part of Sony's production is located in Japan, which has been seeing a much
greater economic downfall (1.4 per cent) than expected the last quarter.
«We took a decent hit in the
last economic downfall and the New York housing market did not because it never takes a hit.
Whether Stalin was atheist is not the point (and many believe he was not); his supposed atheism wasn't the cause of his crimes in Russia, nor was it the cause of
their economic downfall.
I do remember
the economic downfall.
You have already had «practice» with this issue and now you know how to guard against
an economic downfall.
Right now there is no surprise that with
the economic downfalls gym memberships just don't make it into the monthly budget and that's ok... after all many gyms charge $ 50 + bucks a month.
The latest is Fading Gigolo, an empty tale about an old Jewish man who decides to become a pimp after
the economic downfall forces him to close his bookshop.
It is certain that there would be topics related to environmental protection, war, cultural degradation and
economic downfall.
Add in
the economic downfall and, well, things went south because the companies did not adapt to the changing times.
Many believe
the economic downfall is too severe and only those paying through taxes will feel affected, while others assert this is a forward step in preventing future fraud activity.
It's not — and
the economic downfall of the nineties can not lead to inherited rights in the climate change process.
I have gone to school for electrical before
the economic downfall and have owned my own landscaping business at a younger age.