economic decline
Markets trending downward
Economic decline is a sustained downturn in a nation's or region's financial health—shrinking output, rising unemployment, falling incomes.
The term describes both the process and the period: The rust belt suffered decades of economic decline.
Unlike recession, which has technical definitions, economic decline is broader and often implies longer-term deterioration rather than cyclical dips.
- Rust BeltPost-industrial American heartland
- inflationSustained price level increase
- social unrestPublic disturbance from grievances
- brain drainEmigration of skilled workers
- unemploymentBeing without paid work
job losses · trade deficits · brownfields · dereliction · fiscal stimulus · structural reforms · disinvestment · going under · resource depletion · international aid · demographic shifts · financial crises · Youngstown · empty storefronts · austerity measures · environmental degradation · political instability · freefall
- slumpsslump, lull, losing streak, cold streak, rut
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- Appalachian economycoal barons, company towns, scrip, black lung, strip mining
- financial crisesfinancial collapse, bank run, economic collapse, bank failure, bank failures
- Roman Fallfall of Rome, collapse, invasions, Goths, Visigoths
- rural declinedepopulation, rural exodus, brain drain, outmigration, dying towns
economic declineeconomic growth
Sustained output increase
economic expansion · economic boom · growth · boom · economic upturn
economic declineprosperity
Good fortune, success
economic prosperity · affluence · golden age · wealth · abundance