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
'die Finanzkrise' and 'die Wirtschaftskrise' both describe a serious crisis with consequences for people, companies, and countries. The difference lies in the focus. A 'Finanzkrise' begins or becomes especially visible in the financial system, meaning banks, loans, stock markets, or money markets. A 'Wirtschaftskrise' affects the overall economic situation, for example production, jobs, and income. The words can easily be confused because a financial crisis can often lead to an economic crisis. When the topic is banks and loans, 'Finanzkrise' is more precise. When the topic is the economy as a whole, 'Wirtschaftskrise' is more natural.
Die Finanzkrise traf zuerst die Banken und machte Kredite für Firmen schwerer.
The financial crisis hit the banks first and made loans harder for companies to get.
Wegen der Wirtschaftskrise verlor meine Mutter damals ihre Arbeit.
Because of the economic crisis, my mother lost her job back then.