"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
Synonyms for individual words can be found below.
«economic»
«downfall»
Sentences with «economic downfall»
- This marks 18 % of the total economic downfall that occurred in the financial industry during the depression. (lizloans.com)
- Out of the Furnace tells a story of humble people trying to scrape by in a time of economic downfall. (nerdlocker.com)
- 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. (canadianbusiness.com)
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