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credit crunch

noun
/ˈkredɪt krʌntʃ/
/ˈkredɪt krʌntʃ/
[usually singular] (economics经济学)
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  1. an economic condition in which it suddenly becomes difficult and expensive to borrow money信贷紧缩
    • In a credit crunch, lenders stop lending and credit becomes tough to obtain.在信贷危机中,贷方停止放贷,信贷变得难以获得。
    • Consumer confidence is plunging as the credit crunch hits household budgets.随着信贷危机冲击家庭预算,消费者信心正在暴跌。
    • Many companies will not survive the unfolding credit crunch.许多公司将无法在持续的信贷危机中生存。
    Topics Businessc2

See also: credit crunch

credit crunch
Economy and economics:agronomics, austerity, boom...

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