单词 | contraction |
释义 | contractionDefinition Period of general economic decline characterized by high unemployment, falling wages, and (usually) low inflation. Use 'contraction' in a SentenceThe recent recession led to a period of contraction of the economy that worried the local businesses and led to several legislative changes. The economy suffered a contraction due to the unforeseen fall in oil prices, resulting in widespread reductions in force by companies across several industries. The two BTO breeding bird atlases indicated that a 29% contraction in range occurred in Britain between the late 1960s and early 1990s. |
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