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English definition of “blowout”

blowout

noun [C]
 
 
/ˈbləʊaʊt/ informal
STOCK MARKET a short period of time during which shares are sold for a high price: blowout in sth While there was a blowout in hi-tech shares in the US overnight, internet shares in the UK performed in a more subdued fashion.
ECONOMICS a very difficult economic period during which companies lose money and people lose jobs: The dot.com blowout hit jobs in the finance sector hardest.
FINANCE a sudden large increase in the price of something: blowout in sth The blowout in the price of gas and electricity is having an effect on domestic bills.
(Definition of blowout from the Cambridge Business English Dictionary © Cambridge University Press)
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