economic crisis
- n a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
economic crisis :
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- Uncertainty reigns in volatile Egypt
Confusion surrounding the new government in Egypt grew last night as the interim president Adly Mansour first said Nobel Peace Prize recipient Mohamed ElBaradei had been named as interim prime minister, then backtracked saying consultations were continuing. Whoever becomes Egypt’s new prime minister, Harvard University Middle East expert Tarek Masoud said the country faces an economic crisis ...
July 7, 2013 - Boston Herald - Europe’s Delayed Banking Union
The Continent’s economic crisis will not end until its leaders fix its troubled banks.
July 6, 2013 - New York Times - Egypt political upheaval to deepen economic crisis
CAIRO (AP) — Egypt's descent into even deeper political turmoil will almost certainly put a multi-billion dollar international bailout on hold and lead to an even more painful economic crisis, with worsening fuel shortages and higher prices on basic goods.
July 3, 2013 - Associated Press via Yahoo! News