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A period of economic decline characterized by reduced business activity, falling GDP, and rising unemployment.
불경기 동안 많은 기업이 도산했습니다.
Many companies went bankrupt during the recession.
Often used in economic reports and business contexts.
Use '불경기' when discussing economic downturns in formal settings like news or business reports.
Do not use '불경기' to describe personal financial struggles; it refers to macroeconomic conditions.
Combination of 불 (not) + 경기 (economy), literally meaning 'uneconomy' or 'bad economy'.
Commonly used in financial news and economic discussions. Avoid using in casual conversation.