Financial crisis (金融危机 jīnróng wēijī) refers to a crisis that happened in the financial market, marked by a severe deterioration in main financial indicators. It is usually characterized by significant currency depreciation, reduction in total economic output, increase in unemployment, a large number of business failures, and social instability.
- 金融 (jīnróng) as in financial institution (金融机构 jīnróng jīgòu) or financial scandals (金融丑闻 jīnróng chǒuwén).
- 危机 (wēijī) as in energy crisis (能源危机 néngyuán wēijī) or economic crisis (经济危机 jīngjì wēijī).
Financial crisis (金融危机 jīnróng wēijī) word examples:
- 2008 Financial Crisis (2008年金融危机 nián jīnróng wēijī).