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English definition of “slump”


noun [C]     /slʌmp/
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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