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English definition of “shrinking”

shrinking

adj [before noun]     /ˈʃrɪŋkɪŋ/
becoming smaller or less: The shrinking workforce would have to support a growing number of retired people .rapidly/steadily/slowly shrinking The rapidly shrinking middle class worries that our children won't have the same chances we had a shrinking budget / economy / market
(Definition of shrinking adj from the Cambridge Business English Dictionary © Cambridge University Press)
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