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Economic crisis
/ˌiːkənˈɒmɪk kɹˈaɪsɪs/
/ˌiːkənˈɑːmɪk kɹˈaɪsɪs/Economic crisis
01
a severe economic state that is marked by high rates of inflation, unemployment or depression
Example
Economic crises can ravage a country's financial stability and well-being.
After the economic crisis, stock prices tumbled.
The economic crisis marred the company's profitability for several years.
Economic crises often lead to social upheaval and protests.
The economic crisis acted as a catalyst for major financial regulations.
