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.
economy / pub
'die Wirtschaft' and 'die Wirtschaftslage' belong to the same topic area, but they do not mean the same thing. 'Wirtschaft' is the whole economic system of a country or region. 'Wirtschaftslage' means the current state of that economy, in other words whether it is doing well or badly at the moment. The words can be confused because 'Wirtschaftslage' is formed from 'Wirtschaft'. If you are talking about the system in general, use 'Wirtschaft'. If you are evaluating the current situation, 'Wirtschaftslage' fits better.
Viele Firmen beobachten die Wirtschaftslage sehr genau.
Many companies are watching the economic situation very closely.
Wir sprechen morgen im Kurs über die deutsche Wirtschaft.
Tomorrow in class, we will talk about the German economy.