円えん高だか不ふ況きょう

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Meanings

1

noun

strong-yen recession

Economic downturn caused by a strong yen, typically hurting exports. Often used in Japanese economic contexts.

circle, yen, round

高tall, high, expensive

不negative, non-, bad

況condition, situation

円えん高だか
円高 means a strong yen in general, while 円高不況 specifically refers to the recession caused by it.
不ふ況きょう
不況 is a general recession or economic slump; 円高不況 specifies the cause as a strong yen.

Compound of 円高 (strong yen) and 不況 (recession).