Need synonyms for economic crisis? Here's a list of similar words from our thesaurus that you can use instead.
Noun
A period of economic slowdown characterised by declining productivity and devaluing of financial institutions often due to reckless and unsustainable money lending
“The government initiated stringent measures to stabilize the economy during the economic crisis, which saw unemployment rates skyrocket and major financial institutions facing collapse due to reckless lending practices.”
