The phrase
"economic slump" refers to a period when the economy of a country or a region is experiencing a decline or slowdown. It means that there is a decrease in business activities, people are spending less money, unemployment may increase, and overall economic growth is slower or negative.
Full definition
Synonyms for individual words can be found below.
«economic»
«slump»
Sentences with «economic slump»
- With this current economic slump, it is crucial to make wiser decisions, especially when it comes to our finances. (autoquotenow.com)
- A lot of insurance companies today are shutting down due to the recent economic slump. (autoquotenow.com)
- Even a decline in real GDP of 2 per cent, which would be a major economic slump, could be managed. (3dpolicy.ca)
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sentences)