financial crisis
definitions
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A period of instability or severe shortage of money, often characterized by stock market crashes, bank failures, or widespread economic distress within a country or the global economy.en: A period of instability or severe shortage of money, often characterized by stock market crashes, bank failures, or widespread economic distress within a country or the global economy.
examples
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The country's economy collapsed due to a severe financial crisis.
The country's economy collapsed due to a severe financial crisis.