Usually means: Severe, widespread financial market distress.
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We found 14 dictionaries that define the word economic crisis:

General (9 matching dictionaries)
  1. economic crisis: Vocabulary.com
  2. economic-crisis: Wordnik
  3. economic crisis: Wiktionary
  4. economic crisis: Dictionary.com
  5. Economic crisis: Wikipedia, the Free Encyclopedia
  6. economic crisis: Rhymezone
  7. economic crisis: Free Dictionary
  8. economic crisis: Mnemonic Dictionary
  9. economic crisis: Dictionary/thesaurus

Business (3 matching dictionaries)
  1. crisis, economic: Legal dictionary
  2. crisis, economic: Financial dictionary
  3. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. economic crisis, crisis, economic: Encyclopedia

Medicine (1 matching dictionary)
  1. crisis, economic: Medical dictionary

Definitions from Wiktionary (economic crisis)

noun:  A crisis caused by the general demand for goods within an economy falling below their supply, either temporarily or on a protracted basis, typically resulting in widespread bankruptcies of unproductive businesses and falling prices.

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