Definition of slump noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//slʌmp//
    ; NAmE NAmE//slʌmp//
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  1. 1slump (in something) a sudden fall in sales, prices, the value of something, etc. synonym decline a slump in profits This is the worst slump in property prices since the 1990s. See related entries: Trends
  2. 2a period when a country’s economy or a business is doing very badly the slump of the 1930s Housing sales are finally coming out of a three-month slump. The toy industry is in a slump.
  3. compare boom
    Word Originlate 17th cent. (in the sense ‘fall into a bog’): probably imitative and related to Norwegian slumpe ‘to fall’.Extra examples Investors were badly hit by the slump in property prices. The economy is in a prolonged slump. The industry is sinking into a slump. The share-price slump has wiped about $10 billion off the company’s value. a severe slump in much-needed foreign investment The present slump has hit manufacturing hard. The recession led to a slump in consumer spending. This is the worst slump in property prices since the 1980s. a downturn/​slump in demand/​trade/​business/​profits.
See the Oxford Advanced American Dictionary entry: slump

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