economic crisis

Type: Concept

As of November 2026, economic crisis has been mentioned in one podcast episode on The Diary Of A CEO (Jul 2026). The potential global economic crisis due to oil shortages is a major concern discussed.

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. A broader reduction of economic activity affecting the whole economy is known as an economic crisis. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other f