1. A period of economic slowdown or decline in the rate of economic growth, characterized by reduced GDP expansion
The country experienced a contraction in growth due to rising inflation and interest rates.
O país experimentou uma contração do crescimento devido à inflação crescente e aumento das taxas de juros.
2. A reduction in the expansion rate of a business, industry, or economy
Manufacturing faced a contraction in growth during the pandemic.
A manufatura enfrentou uma contração do crescimento durante a pandemia.