- slump
- A temporary fall in performance, often describing consistently falling security prices for several weeks or months. Bloomberg Financial Dictionary
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slump slump [slʌmp] noun [countable usually singular]1. a sudden fall in the price, value, or number of something:slump in• There has been a slump in sales this month.
2. ECONOMICS a period of time when there is a big reduction in economic activity, forcing many companies to close and many people to lose their jobs:• Savings were already extremely low at the beginning of the current slump.
— slump verb [intransitive] :• Securities firms' profits have slumped in recent years.
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Ⅰ.slump UK US /slʌmp/ noun [C]► a sudden reduction in value, quantity, etc.: »Small investors were badly hit by the stock market slump.
slump in sth »There has been a 23% slump in revenue.
► ECONOMICS a period of low economic activity: »The company cut over 8000 jobs during the last economic slump.
»The government must take drastic measures to lift the country out of this slump
Ⅱ.slump UK US /slʌmp/ verb [I]► to suddenly go down in value, quantity, etc.: »The value of shares slumped by 80% over night.
»Sales slumped to an all-time low.
Financial and business terms. 2012.