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English definition of “slump”

slump

verb [I] (REDUCE SUDDENLY)    /slʌmp/
(of prices, values, or sales) to fall suddenly: The value of property has slumped. Car sales have slumped dramatically over the past year.Value and price decreases
(Definition of slump verb (REDUCE SUDDENLY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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