Economic-crisis definition

A period of economic slowdown characterised by declining productivity and devaluing of financial institutions often due to reckless and unsustainable money lending.
noun
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Other Word Forms

Noun

Singular:
economic-crisis
Plural:
economic crises

Economic-crisis Sentence Examples

  • It was the attempts of the Directory to deal with this economic crisis that gave Babeuf his real historic importance.

  • He left South Africa while the economic crisis was still acute and at a time when the voice of the critic was audible everywhere; but, in the words of the colonial secretary (Mr Alfred Lyttelton) he had in the eight eventful years of his administration "laid deep and strong the foundation upon which a united South Africa would arise to become one of the great states of the empire."

  • He acted ultra vires, but by his act saved Hungary from a severe economic crisis and retained for her the right to benefit by economic partnership with Austria until the expiry of the new treaties in 1917.

  • The economic crisis of the 14th century has its complement in the legal crisis of the 15th.

  • They were immediately confronted by an acute economic crisis.

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