Wirtschaftskrise
/ˌvɪʁtʃaftsˈkʁiːzə/noun★Intermediate
formal
A period of economic downturn or instability, often characterized by high unemployment, reduced economic activity, and financial hardship.
Die Wirtschaftskrise hat viele Unternehmen dazu gezwungen, Insolvenz anzumelden.
The economic crisis forced many companies to file for bankruptcy.
Collocations
globale Wirtschaftskriseglobal economic crisis
Synonyms
Antonyms
Related Phrases
Wirtschaftskrise überwindenphrase
to overcome an economic crisis
💡Pro Tip
Usage tip
Use 'Wirtschaftskrise' in formal and business contexts to describe economic downturns.
📖Word Origin
From 'Wirtschaft' (economy) and 'Krise' (crisis).
📝Usage Notes
Often used in formal and business contexts to describe periods of economic instability.
Deutsch-Englisch Wörterbuch