economic collapse; economic meltdown
Refers to a severe breakdown of an economy, such as a financial crisis, hyperinflation, or systemic failure.
After the war, the country fell into economic collapse.
To prevent an economic meltdown, the government took emergency measures.
不況 means 'recession' or 'economic downturn', a less severe and more common term than 経済崩壊, which implies a total collapse.
恐慌 refers to a 'panic' or 'financial crisis', often used historically (e.g., 世界恐慌). 経済崩壊 is broader and can describe a complete breakdown beyond just financial panic.
Compound of 経済 (economy) and 崩壊 (collapse, breakdown). The word is a straightforward Sino-Japanese compound.