business climate; economic situation; outlook
Refers to the overall state of business or the economy, often used in news and reports. More formal than 景気 (けいき).
The recent business climate is not very good.
The government is working to improve the economic situation.
business sentiment; business confidence; market sentiment
Compound of 景 (scene, condition) and 況 (situation, state). The exact historical derivation is uncertain, but the combination naturally conveys 'state of affairs' in economic contexts.