Also known as CreditAn arrangement in which an item for sale is received by the ... Squeeze. This usually precedes a recession. A situation in which loans for businesses and individuals are difficult to obtain, when a government is trying to control inflationNormally referring to the economy of a country, inflation is..., because of the fear of bankruptcy and unemploymentAn economic situation in which jobless people, often those w.... The term ‘CreditAn arrangement in which an item for sale is received by the ... Crunch’ also became a specific informal name for the 2008 global financial crisis and subsequent prolonged recession, which affected western economies particularly, mainly because of their highly leveraged and indebted nature, and the convoluted inter-dependent chains of creditAn arrangement in which an item for sale is received by the ... arrangements between banks, some of which failed completely resulting in their effective nationalization or absorption into larger competitors.
