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deterioration
[dih-teer-ee-uh-rey-shuhn]
noun
the act or process of deteriorating.
the state or condition of having deteriorated.
a gradual decline, as in quality, serviceability, or vigor.
Other Word Forms
- nondeterioration noun
Word History and Origins
Origin of deterioration1
Example Sentences
“The deterioration we’ve seen in the labor market, I think, is enough justification for the Fed to cut in December,” said Tom Porcelli, chief economist at Wells Fargo, in an interview.
Both reductions were cast as “insurance” against further deterioration of the labor market and the economy, even though inflation is still about a percentage point above the Fed’s 2% annual target.
“There’s no sign of a rapid deterioration in the American labor market that warrants a rate cut out of the Federal Reserve,” said Joseph Brusuelas, chief economist at RSM.
U.K. government bond yields, or gilts, eased after the latest British Retail Consortium Consumer Confidence survey showed deterioration in consumer sentiment, raising the prospects of a Bank of England rate cut.
The deterioration is already visible in public sentiment.
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Related Words
- decline
- degradation
- depreciation
- devaluation
- disintegration
- dislocation
- downturn
- slump
- worsening www.thesaurus.com
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