hard landing
noun [C] ECONOMICS, FINANCEDefinition
› a sudden, big decrease in economic activity and in the money available for loans following a period of economic growth. A hard landing is usually the result of a central bank raising interest rates too much in an attempt to control inflation: A hard landing for the US economy could send shock-waves through the global financial system.
→ Compare soft landing(Definition of hard landing noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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