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“economic”
economic slump
1. A period when there is a reduction in business and many people lose their jobs.
2. A recession or a slowing of the rate of economic growth that comes close to being a recession.
2. A recession or a slowing of the rate of economic growth that comes close to being a recession.
China is already two months into its own, very different stimulus effort to combat the global economic slump.
This entry is located in the following unit:
Economics on a Global Scale
(page 1)