1 (of prices, stocks, trade etc) to become less; to lose value suddenly -- falde drastisk
Business has slumped.
2 a sudden fall in value, trade etc -- kraftigt prisfald
a slump in prices.
3 a time of very bad economic conditions, with serious unemployment etc; a depression -- lavkonjunktur
There was a serious slump in the 1930s.
There have been booms and there have been slumps.
I accept that, at the time, it was pointed out that the steel industry is cyclical and prone to booms and slumps.
They are, in fact, products of the capitalist mode of society, subject to its booms and slumps.
The industry has learnt, from bitter experience, to fear the artificial booms as much as they fear the artificial slumps.
During the last twelve years we have had booms alternated by slumps.
I know the results of booms and slumps, bankruptcies and unemployment which has resulted from the speculative history of the cotton industry.
First, that the slumping takes place through a series of equal-area rectangles (see figures 9 and 10, plates 1 and 2, and the discussion in 9 4).
Sites 6 and 8 are sampled in two horizons which evidently slumped when the sediment was still a waterlogged slur ry and presumably soon after deposition.
