economic situation
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economic situation
The general state or situation of the economy of a country, region, or sector at a particular point in time. It is described using indicators such as growth, unemployment, and inflation.
Aufgrund der unsicheren Wirtschaftslage zögern viele Unternehmen mit neuen Investitionen.
Because of the uncertain economic situation, many companies are hesitating to make new investments.
The word is composed of 'Wirtschaft' (economy) and 'Lage' (situation). The '-s-' in between is a linking element that connects the two parts. So it literally means 'the situation of the economy'.
Experten analysieren täglich die aktuelle Wirtschaftslage.
Experts analyze the current economic situation every day.
'Wirtschaftslage' (economic situation) is often described with certain adjectives in order to evaluate its state. Common combinations are a 'gute' (good), 'schlechte' (bad), 'stabile' (stable), 'angespannte' (tense), or 'schwierige' (difficult) economic situation.
Trotz der schwierigen Wirtschaftslage konnte das Unternehmen wachsen.
Despite the difficult economic situation, the company was able to grow.
This noun is very often used with the preposition 'aufgrund' (+ genitive) to express a reason or cause. The word order is often: 'Aufgrund der Wirtschaftslage ...' (Because of the economic situation ...) followed by the verb.
Aufgrund der guten Wirtschaftslage steigen die Löhne.
Because of the good economic situation, wages are rising.
'Wirtschaftslage' (economic situation) is a typical term from the news, politics, and economics. It is used less often in everyday colloquial speech.
Der Finanzminister gab eine Erklärung zur Wirtschaftslage ab.
The finance minister issued a statement on the economic situation.
economic climate / boom
Konjunktur and Wirtschaftslage both describe a country's economic situation. “Konjunktur” focuses more on economic development and trends, while “Wirtschaftslage” refers to the state of the economy at a particular point in time. For a current assessment, “Wirtschaftslage” is usually the better choice; for changes and developments, use “Konjunktur”.
Die Wirtschaftslage des Landes ist derzeit schwierig, weil viele Menschen arbeitslos sind.
The country's economic situation is currently difficult because many people are unemployed.
Die Konjunktur entwickelt sich positiv, weil die Nachfrage in diesem Jahr deutlich steigt.
The economic climate is improving because demand is rising significantly this year.
