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Meaning of “hard landing” in the English Dictionary

"hard landing" in Business English

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hard landingnoun [C]

uk   us   ECONOMICS, FINANCE
a sudden, ​bigdecrease in ​economicactivity and in the ​moneyavailable for ​loansfollowing a ​period of ​economicgrowth. A hard ​landing is usually the ​result of a ​centralbankraisinginterestrates too much in an attempt to ​control inflation: A hard ​landing for the US ​economy could ​send shock-waves through the ​globalfinancialsystem.
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(Definition of hard landing from the Cambridge Business English Dictionary © Cambridge University Press)
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