economic crisis
Definition
A situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis. An economy facing an economic crisis will most likely experience a falling GDP, a drying up of liquidity and rising/falling prices due to inflation/deflation. An economic crisis can take the form of a recession or a depression. Also called real economic crisis. See also collapse, recession, depression.
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economic crisis is in the Economics, Politics, & Society subject.
economic crisis appears in the definitions of the following terms: financial contagion and stock market crash
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