financial crisis

USAGE SUMMARY

The phrase "financial crisis" is correct and usable in written English.
It can be used to describe a situation where there is a significant decline in the financial health of an economy, often leading to widespread economic instability. Example: "The country faced a severe financial crisis that resulted in high unemployment rates and a decrease in consumer spending."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

What European financial crisis?

The New York Times

Asian financial crisis, anyone?

The Guardian

It's the financial crisis.

The New Yorker

The financial crisis did.

The New York Times

Financial crisis?

The New York Times - Food

Financial crisis followed financial crisis.

The Guardian - Business

Maybe it's a financial crisis.

The New York Times

Along came the financial crisis.

The New York Times

The financial crisis didn't help.

The New York Times - Arts

2007-?: The global financial crisis.

The Economist

Then Russia's financial crisis hit.

The Economist

Expert writing Tips

Best practice

When writing about a "financial crisis", be specific about the context and contributing factors. For example, specify whether you're discussing a global "financial crisis", a regional crisis, or one affecting a particular industry.

Common error

Don't use "financial crisis" as a vague term to describe any economic problem. Ensure the situation meets the criteria of a true crisis, involving systemic risk and widespread impact.

Linguistic Context

The phrase "financial crisis" functions primarily as a noun phrase, often acting as the subject or object of a sentence. As Ludwig AI indicates, it's grammatically correct and commonly used. For example, "The financial crisis begins." or "The financial crisis didn't help."

Expression frequency: Very common

Frequent in

News & Media

85%

Formal & Business

10%

Science

5%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "financial crisis" is a commonly used and grammatically correct term referring to a period of significant economic instability. As Ludwig AI confirms, it accurately describes situations marked by the devaluation of financial institutions and unsustainable lending practices. It frequently appears in news and media, often accompanied by specific dates or regions for context, like "Asian financial crisis" or "global financial crisis". While alternatives such as "economic downturn" or "market crash" exist, "financial crisis" specifically highlights systemic risks and widespread financial impact.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic downturn

Focuses more broadly on the decline of economic activity, not necessarily a crisis.

market crash

Specifically refers to a sudden and significant decline in stock market values.

economic instability

Highlights the lack of stability in the financial system.

banking collapse

Highlights the failure or near-failure of banking institutions.

debt crisis

Focuses on the unsustainable accumulation of debt by individuals, businesses, or governments.

fiscal emergency

Focuses on the financial state of a government entity.

recession

Describes a general slowdown in economic activity, less severe than a crisis.

credit crunch

Emphasizes the difficulty in obtaining loans and credit.

economic depression

A prolonged and severe recession, often characterized by high unemployment and poverty.

severe economic hardship

Broader term encompassing financial difficulties experienced by individuals or communities.

FAQs

How do I use "financial crisis" in a sentence?

You can use "financial crisis" to describe a period of significant economic downturn. For instance, "The 2008 "global financial crisis" had a devastating impact on economies worldwide."

What are some alternatives to "financial crisis"?

Depending on the specific context, you can use alternatives like "economic downturn", "market crash", or "banking collapse".

Is it correct to say "the financial crisis" or should I specify the year?

While "the financial crisis" is understandable, specifying the year, like "the 2008 "financial crisis"", provides more clarity and context.

What's the difference between "financial crisis" and "recession"?

A "financial crisis" typically involves a disruption of the financial system, whereas a "recession" is a general decline in economic activity that may or may not be triggered by a financial system failure.