Gloss: Related to a depression or a recession that looks like it could become a depression.
Part of speech: adj.
Quotation: The destruction of consumer spending forces all economic actors to lower down their prices. So it clearly has a “depressionary” impact as consumers, expecting lower prices, postpone their purchases, leading to more price cuts and more falling prices.
Author:
Jean d’Orival
Publishing location:
Manila, Phillippines
Date of publication:
Feb. 5, 2009
This catchword has yet to be researched.