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decreasing economy vs wounded economy

Both phrases are correct, but they convey different meanings. 'Decreasing economy' refers to an economy that is shrinking or declining, while 'wounded economy' suggests an economy that has been harmed or damaged. The choice between the two depends on the specific context and the intended message.

Last updated: March 22, 2024 • 746 views

decreasing economy

This phrase is correct and commonly used to describe an economy that is shrinking or declining.

This phrase is used to indicate a negative trend in the economy, such as decreasing GDP, rising unemployment, or falling consumer spending.

Examples:

  • The country is facing a decreasing economy due to the global recession.
  • The government is implementing measures to address the decreasing economy.
  • Investors are concerned about the impact of the decreasing economy on the stock market.
  • The company's profits have been affected by the decreasing economy.
  • Experts are analyzing the factors contributing to the decreasing economy.
  • This would perhaps explain why the past decade was characterised, at least until the outbreak of the crisis, by a sustained rate of growth among emerging economies but a decreasing rate for advanced economies.
  • Reduction of the energy dependence of the Member States would contribute towards improving the publicsector economies by decreasing reliance on external energy sources, while it could also contribute substantially to regional and local development and to the growth of employment.
  • Bearing in mind all those who believe that the EU budget is forever growing out of all proportion, it may also be noted, especially for educational purposes, that we now have a budget whose share of the Member States' economies is decreasing.
  • The collapse of world trade together with decreasing confidence, wealth effects and tighter credit conditions led to a sharp contraction of the Belgian economy around the turn of 2008.
  • Beyond decreasing the productivity of affected populations, epidemics in OCTs are likely to heavily impact tourism, which is a mainstay of many OCTs' economies.
  • We know, for example, that the levels of pollutant emissions are decreasing in the European Union, and they are decreasing because of the structure underpinning the way the economy operates.
  • The collapse of world trade together with decreasing confidence, wealth effects and tighter credit conditions led to a sharp contraction of the economy in the last quarter of 2008 and the first of 2009.
  • This is due to the fact that our debt/GNP ratio is decreasing annually and that our economy has been growing at a steady rate since 1987 with the assistance of two European structural fund programmes.
  • In particular, the collapse of world trade together with decreasing confidence, wealth effects and tighter credit conditions led to a sharp contraction of the economy in the last quarter of 2008 and the first of 2009.
  • It also presents measures to promote a growth- and employment-oriented allocation of resources, in particular by decreasing the weight of the public sector in the economy and by shifting the tax burden from direct to indirect taxation.
  • Overall, the modest rate of increase in the headline HICP in 1998 appears to reflect an environment which is characterised by decreasing import prices and low domestic inflationary pressures, while allowing for some widening of profit margins in the euro area economy as a whole.
  • Ladies and gentlemen, the report duly notes that steadily decreasing populations in the European Union and the continuing tendency of low birth rates are creating numerous challenges for Europe's economy and society.

Alternatives:

  • shrinking economy
  • declining economy
  • contracting economy
  • weakening economy
  • slowing economy

wounded economy

This phrase is correct and can be used to describe an economy that has been harmed or damaged.

This phrase is often used metaphorically to describe an economy that is struggling or suffering due to various factors, such as a crisis, recession, or external shocks.

Examples:

  • The pandemic has left a wounded economy in its wake.
  • The government is working to revive the wounded economy.
  • The war has inflicted deep wounds on the country's economy.
  • The wounded economy requires significant investments to recover.
  • The policies aim to heal the wounds of the economy.
  • The EU trawlers then move on, leaving a deeply wounded economy: fishermen out of work and waters deprived of stock, so that the locals cannot restart properly.

Alternatives:

  • struggling economy
  • suffering economy
  • damaged economy
  • hurt economy
  • ailing economy

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