Wiktionary
n. A period of economic slowdown characterised by declining productivity and devaluing of financial institutions often due to reckless and unsustainable money lending.
WordNet
n. a long-term economic state characterized by unemployment and low prices and low levels of trade and investment [syn: depression, slump]
Usage examples of "economic crisis".
In addition, worldwide recession had been depressing hard-currency earnings of Algerian tourism and petroleum exports, which magnified the economic crisis and increased unemployment.
The result is bound to be widespread economic crisis, which in turn will bring the inevitable Revolution.
This economic crisis has them worried about political ruin for them all, and that's all they're worried about.
By October, sure enough, the Thai currency troubles had erupted into a full-blown Asian economic crisis that swept the globe and for a while put a number of U.
The crash of the worldwide stock market in 2134 marked the beginning of a global economic crisis of unprecedented dimensions.
By the early 2140s the world was in the grip of a severe economic crisis.
It would have been an economic crisis except the military had thrown money at Reseune's extension at Fargone and Reseune's extension in Planys, money which funded more tanks, more computers, more production those tunnels.