economical crisis vs economic crisis

Both "economic crisis" and "economical crisis" are correct, but "economic crisis" is the more commonly used and accepted phrase in English. While both convey the same meaning of a severe downturn in the economy, "economic crisis" is the preferred term in formal and academic contexts.

Last updated: August 14, 2024 • 756 views

This phrase is correct but less commonly used in English.

"economical crisis"

The term "economical crisis" refers to a situation where there is a severe downturn in the economy, impacting various aspects of financial stability. While correct, it is less common than the term "economic crisis."

Show examples from the web [+]

Yea, nothing like an economical crisis to sharpen the creativity.
Are you aware of the unemployment problem and the economical crisis?
Calls on the European Commission to assist governments of countries concerned in managing the current financial and economical crisis as it will inevitably have direct impact on local authorities and the citizens that they serve.
Women were not initially so significantly affected by the economical crisis (in terms of unemployment) since the sectors of the economy where they constitute the majority of the labour force are public services (education, health etc.).
Many of the consequences of the financial and economical crisis could have been avoided if we had more control and regulation.
Italy is having the worst economical crisis in its history.
The Rapporteur is of the opinion that, in a time of a global financial and economical crisis, the conclusion of the KOREU FTA is a clear signal of commitment to free and fair trade and against protectionism.

Alternatives:

economic crisis
financial crisis
economic downturn
economic collapse
economic recession

This is the more commonly used and accepted phrase in English.

"economic crisis"

An "economic crisis" is a situation characterized by a severe downturn in the economy, affecting businesses, individuals, and the overall financial stability of a country. This term is widely used in formal and academic contexts.

Show examples from the web [+]

1.1 Banking crisis · 1.2 Currency crisis · 1.3 Speculative bubbles and crashes · 1.4 International financial crisis · 1.5 Wider economic crisis.
Mar 14, 2024 ... Syria: Deepening economic crisis compounds conflict misery, as Syria crisis enters its fourteenth year and humanitarian needs reach ...
Jan 23, 2022 ... Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to ...
Sep 2, 2010 ... ... economic crisis is indeed important. Only by understanding the factors that led to and amplified the crisis can we hope to guard against a ...
If you are facing an immediate economic crisis, please submit a Request for Assistance form to the Economic Crisis Response Team (ECRT). Also, this General ...
Mar 29, 2023 ... The International Monetary Fund will lend the nation $3bn to deal with its worst-ever economic crisis.
Introduction. Argentina was plunged into a devastating economic crisis in December 2001/January 2002, when a partial deposit freeze, a partial default on public ...
May 31, 2023 ... Egypt faces an economic crisis that risks fuelling unrest. The International Monetary Fund demands reforms in return for loans, while the ...

Alternatives:

financial crisis
economic downturn
economic collapse
economic recession
economic meltdown

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economical crisis vs economic crisis