The phrase
"economic catastrophe" refers to a situation where there is a severe and disastrous impact on the economy of a country or region. It means that there are major problems like widespread unemployment, companies shutting down, a sharp decline in production, and a significant drop in people's incomes. Essentially, it describes a state of extreme economic crisis and distress.
Full definition
Synonyms for individual words can be found below.
«economic»
«catastrophe»
Sentences with «economic catastrophe»
- Men everywhere are trying desperately to save the world from another war, from economic catastrophe, from one form or another of social disease that threatens the death of civilization. (religion-online.org)
- Gold is the age - old hedge against economic catastrophe. (personalprofitability.com)
- Over fierce opposition and predictions of economic catastrophe by the economists and chemical corporations, treaties were signed to phase out the use of CFC's. (dotearth.blogs.nytimes.com)
- (see all
sentences)