noun A combination of the noun 'fiscal' (related to government revenue and spending) and the noun 'cliff' (a steep drop or decline), used metaphorically to describe a sudden and severe financial crisis.
In the field of finance, 'fiscal cliff' is used to refer to the potential economic consequences of failing to address the looming tax increases and spending cuts, which could have a significant impact on financial markets and investor confidence.
The term 'fiscal cliff' is commonly used in economics to describe a situation where a series of tax increases and spending cuts are scheduled to take place, potentially leading to a sharp reduction in government spending and a possible recession.
In the realm of public policy, 'fiscal cliff' is a term that underscores the importance of making timely decisions on budgetary matters to prevent negative outcomes for the economy and society as a whole.
Within government policy discussions, 'fiscal cliff' is a key term used to highlight the urgency of addressing budget deficits and the need for lawmakers to come to agreements on fiscal measures to avoid economic turmoil.
A writer may use the term 'fiscal cliff' in articles or reports discussing economic policies and potential financial crises.
A psychologist may use the term 'fiscal cliff' when analyzing the impact of economic uncertainty on individual and collective mental health.
An economist may use the term 'fiscal cliff' to describe a situation where a series of tax increases and spending cuts are scheduled to take place, potentially leading to a recession.
A financial analyst may use the term 'fiscal cliff' when assessing the risks and opportunities associated with changes in government fiscal policy.