noun
recession-induced bankruptcy
Economic term for a business failure directly caused by a broader economic downturn, as opposed to mismanagement or other internal factors.
不況型倒産が増えている。
Recession-induced bankruptcies are increasing.
この会社の倒産は不況型倒産と見られている。
This company's bankruptcy is seen as a recession-induced one.
Compound of 不況 (recession) + 型 (type) + 倒産 (bankruptcy). A straightforward modern economic term.