KansalaisuuskurssiGlossary · Chapter 2: The history of Finland
lama
Finnish word. In English: recession
A time when the economy gets much weaker and many people become unemployed.
Facts about the word
- The collapse of the Soviet Union and economic growth based on loans in the 1980s caused a recession in Finland in the 1990s. InfoFinland
- The worst time of the recession was the early 1990s. Many people were unemployed and companies went bankrupt. InfoFinland
- From about 1995 the economy started to grow again. The most important company was Nokia. InfoFinland
The facts come from public sources, such as the authorities' own pages and the law.
Try the word in a sentence
Only one of the sentences uses the word correctly. Which one?
In a recession the economy weakens and unemployment rises. It is the opposite of a boom, and you cannot put a recession in the fridge.
The word belongs to Chapter 2: The history of Finland. The chapter page has the full context and practice questions.
