1.
economic depression; financial crisis
A severe, prolonged economic downturn marked by bank failures, plunging prices, and mass unemployment. Standard term in economic history for events like the 1929 crisis.
2.
panic; sudden fear and confusion
A sudden burst of fear and chaos that grips a crowd or an individual. Mostly used in the phrase 恐慌状態 (a state of panic).
Related Words
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不況 (recession)
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パニック (panic)
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混乱 (confusion)
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経済破綻 (economic collapse)