a credit crunch
a situation when banks greatly reduce the amount of money they lend to one another. This results in loans and mortgages becoming more expensive (or having higher interest rates) for customers
a period of time when there is negative economic growth or when the economy of a country doesn't perform or grow as much or as successfully as it usually does
After the war, the country was in a recession for ten years.
selling stocks and shares at any price or a much lower one than usual
As the price of shares tumbled, there was panic selling on Wall Street.
taken off the value of stocks and shares
It was a terrible day for our company on the stock market today. Hundreds of dollars were wiped off the value of our shares.
pessimistic or expecting the price of stocks and shares to decrease or fall
The overall share price is expected to remain bearish while profits continue to be low this year.
a situation when a business or the economy is growing slowly, or not at all
There is stagnation in the tourism industry after many years of growth.
an economic situation in which prices are rising, unemployment is high and there is little or no economic growth
One of the reasons for the global stagflation of the 1970s was the huge increase in the price of oil.