economic setback

USAGE SUMMARY

"economic setback" is a grammatically correct and usable phrase in written English.
It can be used to describe a situation in which an economy has suffered a sudden decline or a period of stagnation. For example, "The country has experienced an economic setback due to the pandemic, with a projected 0.6% decline in GDP this year."

✓ Grammatically correct

News & Media

Formal & Business

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

37 human-written examples

Russia itself is weathering an economic setback triggered by low oil prices and sanctions.

The Guardian

By 1800, imprisonment for debt was under attack and insolvency was no longer seen as a moral failure, merely an economic setback.

Harvard University

Any number of potential shocks, an economic setback in the United States, or a government default abroad, for example, could derail his plans for a turnaround.

The New York Times

In Japan, at least, the economic setback from Fukushima has outweighed any discussion, and the plants, overall, don't employ game-changing numbers of people.

The New Yorker

Any economic setback will make it more difficult to get the deficit down, as planned in yet another austerity budget (the sixth) late last year.

The Economist

A hyphen has reappeared over India's western border, just as the scale of the economic setback hitting India is becoming apparent.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

23 human-written examples

The 2007 earthquakes and tsunami caused further economic setbacks.

Encyclopedia Britannica

Agriculture perseveres, regardless of fad, fashion and even economic setbacks.

The New York Times - Food

Those excesses could start a chain of other economic setbacks.

The New York Times

Southern European countries still struggling with recession feared economic setbacks.

The Washington Post

Subsequently, West suffered a series of political, professional and economic setbacks.

JPRAS Open

Expert writing Tips

Best practice

Use data and statistics to quantify the extent of the "economic setback" and illustrate its impact on employment, investment, or consumer spending.

Common error

Avoid attributing an "economic setback" to a single cause without considering the complex interplay of factors that contribute to economic downturns. Research and cite multiple contributing factors for a balanced perspective.

Linguistic Context

The phrase "economic setback" functions as a noun phrase, typically serving as a subject, object, or complement within a sentence. It describes a situation where economic progress has been hindered or reversed. Ludwig examples confirm its role in diverse contexts.

Expression frequency: Common

Frequent in

News & Media

68%

Encyclopedias

14%

Formal & Business

9%

Less common in

Science

9%

Wiki

6%

Academia

3%

Ludwig's WRAP-UP

In summary, "economic setback" is a common noun phrase used to describe a decline or stagnation in economic conditions. As Ludwig AI confirms, the phrase is grammatically correct and suitable for use in various contexts, particularly news, business, and encyclopedic content. While alternatives like "economic downturn" or "financial crisis" may be appropriate depending on the specific situation, "economic setback" provides a neutral and widely understood term for discussing economic difficulties. Be mindful of the nuances and context when using this phrase to ensure accurate and effective communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic downturn

Focuses on a downward trend in economic activity, suggesting a potentially temporary decline.

economic decline

A general term for a decrease in economic activity or prosperity, without specifying the cause or duration.

economic recession

Indicates a more severe and prolonged period of economic decline, typically defined by specific criteria like GDP contraction.

financial crisis

Highlights a disruption in the financial system that can lead to broader economic problems.

economic disruption

Emphasizes a disturbance or interruption to normal economic activity, often due to unexpected events.

economic slowdown

Suggests a deceleration in the rate of economic growth, rather than an outright decline.

market correction

Specifically refers to a decline in asset prices, such as stocks, which can have economic consequences.

fiscal strain

Points to difficulties in government finances, such as budget deficits or rising debt.

trade deficit

Focuses on an imbalance in international trade, where a country imports more than it exports.

stagflation

Describes a situation of slow economic growth coupled with high inflation and unemployment.

FAQs

How can I use "economic setback" in a sentence?

You can use "economic setback" to describe a period of decline or stagnation in a country's or region's economy. For example, "The country experienced a significant "economic setback" following the global financial crisis".

What are some alternatives to "economic setback"?

Depending on the context, you can use alternatives like "economic downturn", "economic recession", or "financial crisis" to describe a period of economic difficulty.

Is "economic setback" a formal or informal term?

"Economic setback" is a neutral term suitable for both formal and informal contexts. It is commonly used in news reports, academic papers, and business communications.

What's the difference between "economic setback" and "economic crisis"?

While both terms describe negative economic conditions, an "economic crisis" implies a more severe and widespread disruption than an "economic setback". An "economic setback" may be a temporary decline, while a "economic crisis" poses a greater threat to the overall stability of the economy.