economic devastation
Widespread monetary collapse
Economic devastation is severe, widespread damage to an economy—the kind that leaves businesses shuttered, jobs vanished, and communities struggling to survive.
The phrase suggests destruction on a scale that takes years or decades to recover from: The pandemic brought economic devastation to the tourism industry.
Unlike a recession or downturn, devastation implies something closer to ruin.
- collapseSudden structural failure
- market crashSudden market decline
- ruinComplete destruction or collapse
- povertySevere lack of resources
- depressionProlonged low state
crash · bankruptcy · unemployment · job loss · foreclosure · breadlines · food stamps · despair · bread line · hardship · crisis · bottom falls out · bank run · downturn · inflation · debt · homelessness · tent city
- plague historyBlack Death, bubonic plague, pneumonic plague, Yersinia pestis, plague doctor
- Colonial Cubaindependence movement, Spanish colonialism, colonial rule, Cuban rebels, independence struggle
economic devastationeconomic prosperity
Sustained financial health broadly
economic boom · prosperity · economic growth · economic expansion · affluence
economic devastationeconomic stability
Sustained healthy financial conditions
steady growth · recession · economic downturn · economic slowdown
economic devastationeconomic boom
Sustained period of growth
economic miracle · economic recovery · economic revival · rapid growth · economic expansion
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