Words / S / Business

slump

noun/slʌmp/

B1CEFR level
30/100Rarity: fairly common
TechnicalRegister

A sharp, sustained fall in economic activity or prices.

The housing slump dragged construction jobs down with it for the better part of two years.

Similar: downturn

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics