ECONOMIC CRISIS

Pronunciation (US): (GB):

Meaning:

A long-term economic state characterized by unemployment and low prices and low levels of trade and investment

Synonyms:

depression; economic crisis; slump

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("economic crisis" is a kind of...):

crisis (an unstable situation of extreme danger or difficulty)

economic condition (the condition of the economy)

Instance hyponyms:

Great Depression (the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s)