Okuzeka
Economics vocabulary · Economic News and Data

Slump

Meaning in economics, with examples

/slʌmp/nounCommon term

In economics, slump means: A sudden large fall in prices, sales or activity, or a long period when the economy or a market is very weak.

In Turkish: sert düşüş, çöküş, durgunluk

How it is used

A strong, slightly informal word in news: a slump in house prices, a slump in demand, the global slump of the 1930s. It is also a verb: sales slumped 15%. It is stronger than a fall or a dip.

Example sentences

  1. The slump in car sales has forced the plant to cut shifts.

  2. Exports slumped as demand in Europe collapsed.

Common collocations

  • a slump in demand
  • housing slump
  • sales slumped
  • deep slump
  • global slump
  • surgeTo rise suddenly and strongly, used for prices, demand, sales, borrowing or other figures; also a noun for such a rise.
  • downturnA period when economic activity, sales or prices fall or grow much more slowly; a general word that may or may not mean a full recession.
  • recessionA significant fall in economic activity lasting months, with falling output, income and jobs; often defined as two quarters in a row of shrinking GDP.
  • reboundA quick rise back up after a fall, for example in growth, prices, demand or the value of a currency.

More terms: Economic News and Data

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level:

This page explains English vocabulary for learners. It is not financial advice.