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Economic collapse

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Перевод economic collapse на русский язык

economic collapse
The country faced an economic collapse due to poor financial management.
Страна столкнулась с экономическим крахом из-за плохого финансового управления.

Опеределения

Economic collapse refers to a severe and sudden decline in the economic performance of a country or region, characterized by a significant drop in GDP, widespread unemployment, failure of financial institutions, and a loss of confidence in the economy, often leading to social unrest and a breakdown of normal economic activities.