Definition of Economic crisis:
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.
How to use Economic crisis in a sentence?
- The news of the economic crisis had everyone working the stock market in a panic to sell their stocks before the downfall.
- The economic crisis in Greece brought mass protesters to the streets as they lacked the means in the current climate to adequately support their families.
- The 2008 economic crisis hinged upon the faulty home loans that were made accessible to individuals who normally would not qualify, which disrupted the US economy and the global economy.
Meaning of Economic crisis & Economic crisis Definition