What are doom and gloom in economics? definition and examples

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What are doom and gloom?

“Doom and gloom,” or “gloom and doom,” is an expression used to explain a pessimistic or destructive outlook on monetary markets or the economic system, often following a pointy drop in a monetary asset’s benchmark or measure. It’s generally related to the US inventory market, particularly when the Dow Jones Industrial Common, a benchmark inventory index, declines considerably in a single day or over a interval of days.

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