noun
Refers specifically to Japan's asset price bubble of the late 1980s, or to bubble economies in general.
バブル経済の崩壊後、日本は長い不況に陥った。
After the collapse of the bubble economy, Japan fell into a long recession.
バブル is a more general term for any bubble, while バブル経済 specifically refers to the economic phenomenon.
Compound of バブル (bubble) and 経済 (economy), a direct translation of the English term 'bubble economy'.