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slump
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   Also found in: Dictionary/thesaurus, Idioms, Encyclopedia, Wikipedia 0.34 sec.

slump

In the business or trade cycle, the period of time when the economy is in depression, unemployment is very high, and national income is well below its full employment level. In the UK, the economy experienced a slump in the 1930s (the Great Depression), in 1980–81, and 1990–92.



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