khủng hoảng kinh tế

Definition
  1. Noun:
    • Economic crisis: A severe and sudden downturn in a country's or the global economy, characterized by a sharp decline in economic activity, high unemployment, falling prices or deflation, financial instability, and often bank failures.
Usage Examples
  • Noun:
    • Cuộc khủng hoảng kinh tế năm 2008 bắt nguồn từ thị trường nhà đất Mỹ. (The 2008 economic crisis originated from the US housing market.)
    • Nhiều doanh nghiệp phá sản trong thời kỳ khủng hoảng kinh tế. (Many businesses went bankrupt during the period of economic crisis.)
    • Chính phủ đang tìm cách ứng phó với khủng hoảng kinh tế. (The government is finding ways to cope with the economic crisis.)
Advanced Usage
  • The term is often used in formal, academic, journalistic, and political contexts to describe periods of great economic distress, such as the Great Depression or a financial crisis.
  • It can be modified to specify a type or location, e.g., (global economic crisis), (regional economic crisis).
Variants and Related Words
  • Khủng hoảng tài chính (n): Financial crisis. A crisis specifically linked to the financial sector, such as banking or stock market collapses, which often triggers or is part of a broader economic crisis.
  • Suy thoái kinh tế (n): Economic recession. A period of temporary economic decline, typically less severe than a crisis.
  • Đại khủng hoảng (n): The Great Depression. Specifically refers to the severe worldwide economic depression of the 1930s.
Synonyms
  • Economic collapse: A complete or near-complete breakdown of a national, regional, or territorial economy.
  • Economic depression: A long-term, severe downturn in economic activity (more prolonged and severe than a recession).
  • Financial meltdown: A rapid and severe deterioration in financial market conditions.
Related Idioms and Phrases
  • Vượt qua khủng hoảng kinh tế: To overcome/pull through an economic crisis.
    • Đất nước đã vượt qua khủng hoảng kinh tế một cách khó khăn. (The country pulled through the economic crisis with difficulty.)
  • Rơi vào khủng hoảng kinh tế: To fall into an economic crisis.
    • Nhiều quốc gia có thể rơi vào khủng hoảng kinh tế sau đại dịch. (Many countries may fall into an economic crisis after the pandemic.)