Longman Dictionary of Contemporary English homepage

Topic: ECONOMICS


slump

2 noun
     
slump2 [countable, usually singular]
1 a sudden decrease in prices, sales, profits etc
slump in
a slump in car sales
2PE a period when there is a reduction in business and many people lose their jobs [≠ boom]:
The war was followed by an economic slump.
a worldwide slump
3 especially American EnglishDS a period when a player or team does not play well
in a slump
The Dodgers have been in a slump for the last three weeks.
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