economic crisis
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economic crisis
A phase in which the economic output of a country or region declines sharply over an extended period. This often manifests itself in falling production, high unemployment, and financial instability.
Die große Wirtschaftskrise von 1929 hatte weltweite Auswirkungen.
The Great Depression of 1929 had worldwide effects.
The word is composed of 'Wirtschaft' (economy) and 'Krise' (crisis). The 's' between them is a linking s, which connects the two words. So the meaning is literally a crisis of the economy.
Viele Unternehmen mussten während der Wirtschaftskrise schließen.
Many companies had to close during the economic crisis.
Common adjectives are 'schwere' (severe), 'tiefe' (deep), or 'globale' (global) with 'Wirtschaftskrise' (economic crisis). Typical verbs are to 'verursachen' (cause), 'auslösen' (trigger), 'bekämpfen' (fight), or 'überwinden' (overcome) a crisis.
Die Regierung versucht, die schwere Wirtschaftskrise zu bekämpfen.
The government is trying to fight the severe economic crisis.
To describe a state, people often use 'in der Wirtschaftskrise' (in the economic crisis). To name a period of time, 'während der Wirtschaftskrise' (during the economic crisis) is common.
Das Land steckt tief in einer Wirtschaftskrise.
The country is deep in an economic crisis.
depression
Both words refer to a significant decline in economic output. Wirtschaftskrise is the general term for a prolonged and severe period of economic weakness; Depression refers to a particularly deep and lasting form of it. Use Wirtschaftskrise in general, and Depression only for an exceptionally severe downturn.
Die Wirtschaftskrise dauerte mehrere Jahre und belastete viele Unternehmen.
The economic crisis lasted several years and put a strain on many companies.
Die wirtschaftliche Depression führte über Jahre zu sinkender Produktion und hoher Arbeitslosigkeit.
The economic depression led to declining production and high unemployment for years.
