Definition, Meaning & Synonyms

financial turmoil

noun

/faɪˈnænʃəl ˈtɜrˌmɔɪl/

Definition

A state of disorder and instability in financial markets, often leading to a significant decline in economic performance.

Examples

The 2008 financial crisis was a period of extreme financial turmoil.
Investors reacted nervously amid reports of potential financial turmoil caused by government policy changes.
Many businesses faced bankruptcy as a result of the ongoing financial turmoil in the market.

Meaning

Financial turmoil refers to a situation where there is severe disruption in financial systems, causing losses for investors, businesses, and consumers.