Chapitre FINANCIAL AND ECONOMIC CRISES 6 The market valuations of securities and other assets rise sharply at times. When their prices exceed their economic fundamentals, asset bubbles or speculative stock market bubbles build up. That is what is said after the price collapse and the bubble burst, another term is a stock market crash. When investors feel that market prices are overvalued, they start to sell their assets which make the values further decrease. A significant drop in the value of financial assets is called a financial crisis. Economic crises ordinarily follow financial crises. They can be defined as a sustained fall in Gross Domestic Product. An economic downturn lasting for more than a few months will be called a recession. When the recession is accompanied by high unemployment, inflation, or deflation, meaning rising of falling consumer prices, it becomes a depression. BBC 6 Minute English on inflation: https://www.bbc.co.uk/learningenglish/english/features/6-minute- english_2022/ep-220929 & TECHNICAL TERMS A market valuation Economic fundamentals An asset An asset bubble A bubble burst A stock market crash A financial crisis An economic crisis Gross Domestic Product An economic downturn Une évaluation boursière, de marché Les fondamentaux économiques Un actif (au sens comptable) Une « bulle d'actifs » Un éclatement de bulle Un krach ou effondrement boursier Une crise financière Une crise économique Produit intérieur ou national brut Un ralentissement économique 91https://www.bbc.co.uk/learningenglish/english/features/6-minute