economic downturn; worsening economy
Refers to a decline in economic conditions, often used in news and business contexts.
Many companies went bankrupt due to the economic downturn.
The government announced measures to halt the worsening economy.
景気後退 is a more formal term for 'recession', often used in economic analysis, while 景気悪化 is a broader, more general term for economic worsening.
不況 specifically means 'recession' or 'depression', a sustained period of economic decline, whereas 景気悪化 can refer to any worsening, including short-term downturns.
Compound of 景気 (けいき, 'economic conditions') and 悪化 (あっか, 'worsening').