to go bankrupt - to be unable to pay one's debts, an interest rate cut - means that the economy has fallen into recession, to pay off  - to pay a debt in full, to expand - to become or make larger or more extensive, to take on sb - to engage, hire, to make ends meet - earn just enough money to live on, to come out of - to go through the experience of (something), recession - a difficult time for the economy of a country, when there is less trade and industrial activity than usual and more people are unemployed, unemployment - the fact of a number of people not having a job; the number of people without a job, to invest - to buy property, shares in a company, etc. in the hope of making a profit, to turn around - to change a plan, business, or system that is unsuccessful and make it successfu, to enjoy a boom - If there is a boom in the economy, there is an increase in economic activity, for example in the amount of things that are being bought and sold, to set up - to start one's own business, to demand sth - to make a very strong request for something, to go on strike - to refuse to take part in one's work duties as part of an official work stoppage organized by a labor union, to stifle - to prevent something from happening (suppress), rate-cutting - a decision by a central bank to reduce its main interest rate, usually to influence rates charged by other financial institutions,

Economics Keynote 5.3

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