financial crash
[fə-ˈnan-shəl ˈkrash]
nounpl: financial crashes
crash financeiro
1. A sudden, severe decline in the value of financial assets, stocks, or the overall economy, often resulting in significant economic loss
The financial crash of 2008 devastated the global economy and millions of people lost their savings.
O crash financeiro de 2008 devastou a economia global e milhões de pessoas perderam suas economias.
2. A rapid and dramatic fall in stock market prices or asset values over a short period
The stock market experienced a financial crash when the tech bubble burst.
O mercado de ações experimentou um crash financeiro quando a bolha tecnológica estourou.
The term 'financial crash' gained prominence globally after the 2008 financial crisis. In Brazil, it's commonly used in financial news and discussions about economic downturns. The 1929 Wall Street Crash and 2008 subprime mortgage crisis are historical references frequently cited when discussing financial crashes in both American and Brazilian contexts. The term reflects the catastrophic and sudden nature of market collapses that affect millions of investors worldwide.
NYC Slang
market tanking, the bottom fell out
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