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slump

noun [C]
 
 
/slʌmp/

Definition

a fall in the price, value, sales, etc. of something: There's been a slump in the demand for new cars.Value and price decreases a period when an industry or the economy is in a bad state and there is a lot of unemployment: an economic slump The airline industry is currently in a slump.Economics and the state of the economy
(Definition of slump noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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