slump
/slʌmp/ noun [C]Definition
› a sudden reduction in value, quantity, etc.: Small investors were badly hit by the stock market slump.slump in sth There has been a 23% slump in revenue.
› ECONOMICS a period of low economic activity: The company cut over 8000 jobs during the last economic slump. The government must take drastic measures to lift the country out of this slump → Compare depression, recession → See Note recession
(Definition of slump noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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