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English definition of “slump”

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slump

noun [C]
 
 
/slʌmp/
FALL a sudden fall in prices or sales: a slump in world oil pricesBecoming and making smaller or lessBecoming and making less strong
ECONOMY a period when there is very little business activity and not many jobs: It's been the worst economic slump for 25 years.Economics and the state of the economy
(Definition of slump noun from the Cambridge Learners Dictionary © Cambridge University Press)
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