Investment & Economy & Stocks
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plummet
Can you define this word? /plum-met/ [p.l.ah1.m.ah0.t]
plummet star_border
/plum-met/ [p.l.ah1.m.ah0.t] /ˈplʌm.ɪt/
Definition: Decrease rapidly in value or amount:
- The stock market plummeted yesterday, causing investors to panic.
- After the scandal broke, the company's stock price plummeted by 30% in just one day.
- The economy took a hit, causing the country's GDP to plummet to record lows.
- With inflation soaring to record levels, President Joe Biden's approval rating is plummeting, which could have significant consequences for Democrats in the midterm elections.
- Rapidly rising mortgage rates have had a negative impact on demand for mortgages since early 2022, but there's no indication that demand has plummeted.
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plunge
Can you define this word? /plunge/ [p.l.ah1.n.jh]
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/plunge/ [p.l.ah1.n.jh] /plʌndʒ/
Definition: Jump or dive quickly and energetically or decrease quickly
- Stock prices plunged after unexpected political developments.
- He took a deep breath and plunged into the cold waters of the lake.
- Oil prices are strongly influenced by the global economic outlook. For example, oil demand plunged in 2020 during the pandemic when lockdowns led the price to fall below zero first time in history due to a significant downturn in economic activity.
- She plunged into her studies, determined to top her class.
- The knight plunged his sword into the dragon.
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recession
Can you define this word? /re-ces-sion/ [r.ih0.s.eh1.sh.ah0.n]
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/re-ces-sion/ [r.ih0.s.eh1.sh.ah0.n] /rɪˈseʃ.ən/
Definition: A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
Example sentences:
- Economic recessions are predominantly the result of insufficient demand. As political economists have always emphasized, periodic recessions are endemic to capitalism.
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slump
Can you define this word? /slump/ [s.l.ah1.m.p]
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/slump/ [s.l.ah1.m.p]
Definition: Undergo a sudden severe or prolonged fall in price, value, or amount;Sit, lean, or fall heavily and limply;A sudden severe or prolonged fall in the price, value, or amount of something
Example sentences:
- She slumped against the cushions. As commodities such as coffee or soya flooded into the world market, prices slumped, causing more economic chaos. A slump in property prices could mean your retirement taking a big hit, or being forced to wait until the housing market recovers.
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plummet
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plunge
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recession
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slump
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