credit crunch

• Reducción repentina de la disponibilidad de créditos o préstamos por parte de bancos e instituciones financieras, que a menudo provoca una recesión económica.

A sudden reduction in the availability of loans or credit from banks and financial institutions, often leading to an economic slowdown.

1. Economic phenomenonC1formal

   A period of reduced lending activity by banks and financial institutions, often due to increased risk aversion or lack of funds.

   Restricción del crédito

   • The 2008 financial crisis was triggered by a severe credit crunch.
   • Small businesses struggled to survive during the credit crunch.
   • The government introduced measures to ease the credit crunch.