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English definition of “contagion”

contagion

noun [U]
 
 
/kənˈteɪdʒən/
ECONOMICS the fact of economic problems in one country, region, etc. spreading to another: Brazil's stock markets were battered by contagion from the problems in other emerging markets. The planned mega-merger was intended to fortify the industry against financial contagion.
(Definition of contagion from the Cambridge Business English Dictionary © Cambridge University Press)
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