Financial Market

What Are Doom and Gloom in Economics? Definition and Examples

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Doom and gloom, or gloom and doom, gained traction in the mid-20th century to describe negative outlooks on politics, the economy, and the environment.

What Are Doom and Gloom?

“Doom and gloom,” or “gloom and doom,” is an expression used to describe a pessimistic or negative outlook on financial markets or the economy, typically following a precipitous decline in a financial asset’s benchmark or measure. It is most commonly associated with the U.S. stock market, particularly whenever the Dow Jones Industrial Average, a benchmark stock index, declines significantly in a day or over a period of days.

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