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economic depression

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noun

  • A severe and long-term downturn in financial and industrial activity, characterized by high unemployment, a sharp decline in gross domestic product (GDP), and reduced trade.

Example Sentences

Examples are provided to illustrate usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Instead, industry mismanagement and a punishing economic depression left PdVSA and its partner squabbling over payments, according to people familiar with the business.

From The Wall Street Journal Aug. 21, 2026

The 32-year-old musician grew up in Havana during Cuba’s “special period” — a decade-long economic depression that hit the country at the start of the 1990s.

From Los Angeles Times Jul. 16, 2024

Thesaurus

Possible Synonyms

Words in our thesaurus

other words

  • financial collapse
  • severe economic contraction
  • financial crisis
  • prolonged recession

Possible Antonyms

Words in our thesaurus

other words

  • period of prosperity
  • economic growth

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