economic shrinkage
Negative growth period
Economic shrinkage is a contraction in the size of an economy, measured by declining GDP, reduced output, or falling trade activity.
The term appears in discussions of recession, depression, or structural decline: The country experienced significant economic shrinkage during the pandemic.
Unlike growth, which economies pursue, shrinkage signals trouble—job losses, business failures, and reduced living standards.
- recessionProlonged economic decline
- contractionReduction in size
- negative growthEuphemism for economic decline
- downturnEconomic decline period
- declineDecrease or refuse
depression · slump · bear market · deflation · stagnation · fiscal cliff · austerity · layoffs · pink slips · unemployment · bankruptcy · going under · collapse · bust · crash · bottom falling out · tightening · cutbacks
economic shrinkageeconomic growth
Sustained output increase
economic expansion · GDP growth · boom · expansion · growth
economic shrinkageeconomic boom
Sustained period of growth
prosperity · economic prosperity · boom · bull market · economic recovery
economic, economy, economics, economist, economize, economical, economically, shrink, shrinkage