La crisis económica
Example: La crisis económica afectó gravemente a muchas familias durante la década pasada.
Definition
"La crisis económica" refers to a period of significant financial instability and decline in economic activity, typically characterized by high unemployment, reduced consumer spending, and business failures. It severely impacts households, businesses, and governments, as illustrated by the phrase about its effect on families in the past decade.
Etymology
The phrase "la crisis económica" comes from Spanish, where "crisis" originates from the Greek word 'krisis,' meaning decision or turning point, and "económica" derives from the Greek 'oikonomikos,' relating to household management. Did you know? The term captures moments when economic conditions decisively worsen, much like a critical turning point.
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"La crisis económica" appears in the Vocaplus list "Spanish - History - (B2) - set 1", containing 210 commonly used words.
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the economic crisis