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Meaning of “market correction” in the English Dictionary

"market correction" in Business English

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market correctionnoun [C]

uk   us   also stock market correction, correction FINANCE, STOCK MARKET
a reduction in prices in a financial market when they have been too high, bringing them back to a level closer to the actual values of companies and the real situation in the economy: Despite the market's vertical rise, analysts said they still don't see a major market correction in the near future.
(Definition of market correction from the Cambridge Business English Dictionary © Cambridge University Press)
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