Meaning of “hard landing” in the English Dictionary

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"hard landing" in Business English

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hard landingnoun [ C ]

uk us ECONOMICS, FINANCE

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.

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(Definition of “hard landing” from the Cambridge Business English Dictionary © Cambridge University Press)