credit crunch
noun
[ ˈkrɛdɪt ˌkrʌntʃ ]
• a sudden sharp reduction in the availability of money or credit from banks and other lenders.
• "the beleaguered company has become the latest victim of the credit crunch"
Similar:
credit squeeze,
economic decline,
downturn,
slump,
slowdown,
trough,
recession,
depression,
stagnation,
stagflation,
hard times,
bust,