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economic crisis

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.economic crisis - a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
crisis - an unstable situation of extreme danger or difficulty; "they went bankrupt during the economic crisis"
economic condition - the condition of the economy


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But since Ecuador abandoned its sucre currency for the dollar last year to halt an economic crisis, the price of cuy has increased threefold.
As an invaluable commentary on the recent Argentinian economic crisis, And The Money Kept Rolling In (And Out) is very strongly recommended reading for students of corporate business, politics, economics, and Argentina history.
I would also like to think that most businesses in the rubber industry have some sort of crisis management in place, whether it be for natural disasters, a factory accident or even an economic crisis.
 
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