After the earthquake, the whole town fell into a state of panic.
financial panic; economic panic
Specifically in economics/finance: a sudden widespread loss of confidence leading to bank runs, market crashes, etc.
1929年の世界恐慌は多くの国に深刻な影響を与えた。
The Great Depression of 1929 had a severe impact on many countries.
A worldwide financial panic occurred.
The markets fell into panic upon hearing the news.
The incident triggered panic throughout society.
After the earthquake, the residents became panic-stricken.
financial panic; economic crisis; economic crash
financial panic; financial crisis