economic slump

USAGE SUMMARY

"economic slump" is a correct and commonly used phrase in written English.
It refers to a period of economic downturn or decline. Example: The country's economy was hit hard by the recent economic slump, causing many businesses to close and unemployment rates to rise.

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The economic slump cannot last for ever.

The Economist

Together, they shrugged off the economic slump.

The Economist

He attributed the drop to the economic slump.

The New York Times - Sports

During the economic slump such upstarts struggled to attract sellers.

The Economist

The market has held up during the economic slump.

The Economist

The economic slump of the 1930s discredited democracy and capitalism.

The Economist

It also reflected fallout from the economic slump.

The New Yorker

But five years of economic slump have hardened attitudes.

The Economist

Construction is now slowing because of the economic slump.

The New York Times

He said he expected a "prolonged economic slump".

The New York Times

New York was still suffering under a major economic slump.

The New York Times

Expert writing Tips

Best practice

When writing about an "economic slump", specify the geographical area or sector affected to provide context and clarity. For example, "the European economic slump" or "the retail sector's economic slump".

Common error

Avoid assuming a specific duration for an "economic slump" without supporting data. Economic downturns can vary significantly in length, and stating it definitively may mislead your audience.

Linguistic Context

The phrase "economic slump" primarily functions as a noun phrase to describe a period of economic decline. Ludwig AI indicates that this phrase is correct and commonly used. Examples in Ludwig show it being used to describe economic difficulties in various contexts.

Expression frequency: Very common

Frequent in

News & Media

75%

Formal & Business

15%

Science

5%

Less common in

Academia

2%

Encyclopedias

1%

Wiki

1%

Ludwig's WRAP-UP

The phrase "economic slump" is a common and grammatically correct term used to describe a period of economic decline. Ludwig AI confirms its widespread usage across various contexts, particularly in news and media, formal business, and scientific discussions. The frequency analysis reveals that the phrase is very common, with authoritative sources like The Economist and The New York Times frequently employing it. Understanding the nuances of "economic slump" and its related phrases, such as "economic downturn" and "economic recession", can enhance clarity and precision in writing about economic matters. Remember to specify the affected area or sector and avoid making unsupported assumptions about the duration of the downturn.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic downturn

Focuses on the declining phase of the economic cycle, more general.

economic recession

Implies a more severe and prolonged period of economic decline.

economic decline

A broad term indicating a decrease in economic activity.

economic slowdown

Indicates a deceleration of economic growth rather than a contraction.

financial crisis

Highlights the financial aspects and instability during an economic downturn.

market correction

Refers specifically to a decline in the stock market, which may or may not reflect the overall economy.

business depression

An older term for a severe and prolonged economic downturn.

period of austerity

Emphasizes the government's response to economic hardship through spending cuts and tax increases.

trade contraction

Focuses on the reduction in international trade activities.

period of stagnation

Implies a prolonged period of little or no economic growth.

FAQs

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

You can use "economic slump" to describe a period of economic decline. For instance, "The country experienced an "economic slump" following the financial crisis".

What are some alternatives to saying "economic slump"?

Alternatives to "economic slump" include "economic downturn", "economic recession", and "economic decline", depending on the severity and nature of the downturn.

Is there a difference between "economic slump" and "economic recession"?

While both terms refer to economic downturns, "economic recession" typically implies a more prolonged and severe decline than "economic slump". The term "economic slump" might describe a milder or shorter downturn.

What factors typically contribute to an "economic slump"?

Several factors can lead to an "economic slump", including decreased consumer spending, reduced business investment, financial crises, and global economic conditions.