An economic condition characterized by a significant decrease in business activity, falling prices, reduced purchasing power, excess supply over demand, rising unemployment, accumulating inventories, deflation, plant contraction, public fear, and caution.
An analyst or investor enamored with gold as a significant investment, often recommending gold as a safe haven during economic uncertainties such as depressions or hyperinflation.
A slump denotes a noticeable drop in economic or productive activity. While it indicates a downturn, it is generally less severe than a recession or a depression.
In economic terms, a trough signifies the lowest point in a business cycle, marking the end of a declining phase and the start of an expansion or recovery.
