deterioration of economy vs deterioration in economy

Both "deterioration of economy" and "deterioration in economy" are commonly used phrases in English. They are interchangeable and can be used to describe a decline or worsening of the economic situation. The choice between "of" and "in" is a matter of personal preference and does not significantly change the meaning of the phrase.

Last updated: March 31, 2024 • 656 views

This phrase is correct and commonly used in English to describe a decline or worsening of the economic situation.

"deterioration of economy"

This phrase is used to indicate a negative change in the overall economic conditions of a country or region.

Examples:

The deterioration of the economy led to widespread unemployment.
The government is concerned about the deterioration of the economy.
Experts predict a further deterioration of the economy in the coming months.

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Furthermore, the restrictions associated with the security fence have resulted in unnecessary suffering for the Palestinian people and the deterioration of the economy of the Occupied Territories.
The policy of sanctions has contributed to the deterioration of the Iraqi economy and its infrastructure, leading to a pauperisation of the population that has, according to a 1996 Report, reached in some cases "pre-famine conditions".
The economy of neighbouring Armenia has also been affected by the combination of the economic recession and, in particular, the rapid deterioration of the Russian economy, due to the great dependence of the Armenian economy on trade with its large neighbour to the north.
The global economic downturn and particularly the rapid deterioration of the Russian economy had a deep impact on the economic activity in Armenia which started to contract since the last quarter of 2008.
All efforts should be made to prevent any further deterioration of the Palestinian economy by contributing to the sound management and budgetary equilibrium of the Palestinian Authority and to consolidate that Autority by means of institutional reinforcement.
The absence of culture in most cases results in the deterioration not only of the economy but also of politics and society.
Given the continuous deterioration in the economy in 2009, in March Armenian Dram was de facto devaluated of around 22% against the EUR and the USD.
When calculating the business plan, the deterioration in the economy and the aviation markets was taken into account as far as could be predicted.
The Commissioner has already spoken on this issue on several occasions, sounding the alarm on the gradual and steady deterioration in the economy and forecasts that 6 million jobs would be lost by 2010.
Worse still, in an astonishing and utterly cynical reversal of perspective, the French version of the justification refers to the deterioration in the Yugoslav economy due to the 'war against NATO in 1999'.
The rapid deterioration of fiscal position after the crisis made any substantial countercyclical response impossible, while regulatory constraints limited the economy's structural flexibility.
Ladies and gentlemen, the deterioration of the situation within the financial system and economy in recent months has irreversibly changed the role and significance of national governments within economic processes.
The price of crude rose by 50% last year and this increase has led to a notable deterioration of the competitiveness of our economy.
As regards the deterioration of the Greek and Cypriot economies, the Commission acknowledges those events, as well as the possible drop in the average fare for the Greek flights.
However, the deterioration of the structural surplus in 2008 amounts to a fiscal expansion, which carries a risk that the fiscal policy stance implied by the programme may turn out to be pro-cyclical if the economy continues to grow at high rates.
Due to the pivotal role of financial institutions for the real economy, these measures were also aimed at avoiding or reducing the contagion to the real economy, which through a feed-back loop would have also caused further deterioration of the situation of the financial sector.
Durability requirements should be introduced to avoid deterioration of emission performance.
The deterioration of my eyes shattered the illusion.
is extremely concerned about the rapid deterioration of the economic situation in the EU Member States and in their regions and municipalities as well as the fact that the crisis has had a huge impact on the entire world economy;
Therefore, a deterioration of the Community industry's overall performance is likely to result from the repeal of the measures.

Alternatives:

decline in economy
worsening of economy
economic decline
economic downturn

This phrase is correct and commonly used in English to describe a decline or worsening of the economic situation.

"deterioration in economy"

This phrase is used to indicate a negative change in the overall economic conditions of a country or region.

Examples:

The deterioration in economy is affecting businesses across the country.
There has been a noticeable deterioration in economy since the recession.
The company's profits have suffered due to the deterioration in economy.

Show examples from the web [+]

Given the continuous deterioration in the economy in 2009, in March Armenian Dram was de facto devaluated of around 22% against the EUR and the USD.
When calculating the business plan, the deterioration in the economy and the aviation markets was taken into account as far as could be predicted.
The Commissioner has already spoken on this issue on several occasions, sounding the alarm on the gradual and steady deterioration in the economy and forecasts that 6 million jobs would be lost by 2010.
Worse still, in an astonishing and utterly cynical reversal of perspective, the French version of the justification refers to the deterioration in the Yugoslav economy due to the 'war against NATO in 1999'.
Furthermore, the restrictions associated with the security fence have resulted in unnecessary suffering for the Palestinian people and the deterioration of the economy of the Occupied Territories.
The policy of sanctions has contributed to the deterioration of the Iraqi economy and its infrastructure, leading to a pauperisation of the population that has, according to a 1996 Report, reached in some cases "pre-famine conditions".
The economy of neighbouring Armenia has also been affected by the combination of the economic recession and, in particular, the rapid deterioration of the Russian economy, due to the great dependence of the Armenian economy on trade with its large neighbour to the north.
The global economic downturn and particularly the rapid deterioration of the Russian economy had a deep impact on the economic activity in Armenia which started to contract since the last quarter of 2008.
All efforts should be made to prevent any further deterioration of the Palestinian economy by contributing to the sound management and budgetary equilibrium of the Palestinian Authority and to consolidate that Autority by means of institutional reinforcement.
There has been a recent decline in the US housing prices and a deterioration in the mortgage credit market which could have an impact on the real economy.
The pronounced deterioration in the area's defining ecology and landscape has major environmental consequences and is endangering the economy and way of life of many local towns.
Policies must therefore be changed as a matter of urgency to forestall their consequences in the European Union, particularly in the most fragile economies, to avoid a deterioration in the social situation.
The economy is now facing a transition to a period of lower growth characterised by a deterioration in competitiveness because of recent adverse productivity and price developments, exacerbated by its exposure to the US and UK economies.
Therefore, if the economy weakens relative to the agreed scenario, the budgetary position would be corrected for the cyclical deterioration in public finances, in order to focus on the underlying or cyclically adjusted budgetary balance.
Net exports, which had supported the economy during the earlier downturn, had a much less positive influence during the initial stages of the recovery in 1993 since these coincided with the cyclical deterioration in continental Europe.
The deterioration in the external environment from mid-2008 developed into a severe downturn following the intensification of the financial crisis in the last quarter of the year, with weakening growth in advanced and emerging economies.
The weakness in the manufacturing sector increasingly spread to other sectors of the economy and led to a sharp deterioration in the labour market situation, with the unemployment rate reaching an unprecedented level of 5.5% in December 2001 and the number of overtime hours worked declining rapidly.
Second, on the demand side, an increase in oil prices entails a deterioration in the terms of trade of net oil-importing economies like the euro area.
Firstly, we will have to see what direct impact the deterioration in the North American housing market has on the overall US economy, although there is no doubt that it will be negative, and US growth will be lower than predicted up till now.
Undeclared employment and flexibility without corresponding security seem to be increasing, within a general environment of unemployment and job insecurity because of the economic downturn, leading to rapid deterioration in the social security system and in the healthy, competitive functioning of the economy.

Alternatives:

decline in economy
worsening of economy
economic decline
economic downturn

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deterioration of economy vs deterioration in economy