financial crisis
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financial crisis
A serious disruption of the financial system, often characterized by bank failures, stock market crashes, and restricted lending, with far-reaching economic consequences.
Die globale Finanzkrise ab 2007 führte weltweit zu einer tiefen Rezession.
The global financial crisis starting in 2007 led to a deep recession worldwide.
The word is composed of 'Finanz-' (from 'die Finanzen', finances) and 'die Krise' (crisis). So it literally describes a crisis in the area of finance.
Die Regierung diskutierte Maßnahmen gegen die Finanzkrise.
The government discussed measures against the financial crisis.
The component '-krise' is very productive and is used for many other compound nouns, for example 'Wirtschaftskrise' (economic crisis), 'Regierungskrise' (government crisis), or 'Identitätskrise' (identity crisis).
Nach dem Skandal steckte die Partei in einer tiefen Krise.
After the scandal, the party was in a deep crisis.
Common verbs used in connection with 'Finanzkrise' (financial crisis) are 'auslösen' (to trigger), 'verursachen' (to cause), 'bewältigen' (to manage), or 'überwinden' (to overcome). Typical adjectives are 'global' (global), 'weltweit' (worldwide), or 'schwer' (severe).
Fehlspekulationen lösten eine schwere Finanzkrise aus.
Bad speculation triggered a severe financial crisis.
economic crisis
Finanzkrise and Wirtschaftskrise can describe the same severe downturn. Finanzkrise focuses on banks, stock markets, and credit, whereas Wirtschaftskrise focuses on overall economic performance and its effects on production and jobs. Choose the word according to the particular focus.
Die Finanzkrise führte zu Bankenproblemen und einer vorsichtigeren Kreditvergabe.
The financial crisis led to problems for banks and more cautious lending.
In der Wirtschaftskrise sanken die Produktion und die Zahl der Arbeitsplätze deutlich.
During the economic crisis, production and the number of jobs fell significantly.
