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English definition of “slump”

slump

noun [C]
 
 
/slʌmp/
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
(Definition of slump noun from the Cambridge Business English Dictionary © Cambridge University Press)
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