fiscal cliffn.

Brit.

/ˌfɪskl ˈklɪf/, U.S.

/ˌfɪskəl ˈklɪf/

Origin: Formed within English, by compounding. Etymons: fiscal adj., cliff n.

Etymology: < fiscal adj. + cliff n.

Originally and chiefly U.S.

A situation in which a particular set of financial factors causes or threatens sudden and severe economic decline. Frequently as part of an extended metaphor, esp. in early use.Popularized with reference to an (ultimately averted) combination of U.S. federal tax increases and spending cuts scheduled to take place on 1 January 2013: see quot. 2012.

ΘΚΠ

society > trade and finance > management of money > management of national resources > [noun] > political economy > states or trends of the economy

inflation1821

economic cycle1832

recovery1843

downdraught1852

perfect competition1853

downturn1858

softness1872

slump1888

downtrend1890

sag1891

under-consumption1895

recession1905

downdrift1906

economic recession1908

air pocket1913

stickiness1913

trough1916

deflation1920

downswing1922

slowdown1922

scissors1924

scissors crisis1925

uptrend1926

reflation1932

depresh1933

upswing1934

stagnation1938

countercycle1944

fiscal cliff1957

turn-down1957

stagflation1965

soft landing1973

slumpflation1974

downer1976

1957 N.Y. Times 20 Oct. 1/2 To the prospective home owner wondering whether the purchase of a given house will push him over the fiscal cliff, probably the most difficult item to estimate is his future property tax.

1975 Milwaukee (Wisconsin) Sentinel 13 May i. 3 (heading) New York City teeters on edge of fiscal cliff.

2011 K. Blackwell & K. Klukowski Resurgent vii. 216 If voters in a state are foolish enough to elect reckless leaders who drive their state off a fiscal cliff, we must unapologetically hold the line in making them reap what they have sown.

2012 National Public Radio (Radio transcript) (Nexis) 29 Feb. Ben Bernanke: On January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

2013 Economist (Electronic ed.) 2 Feb. 22 While the biggest part of the fiscal cliff was averted, a temporary payroll tax cut and George W. Bush's tax cuts on the rich have still expired, which has harmed consumer confidence.

2013 Northern Echo (Nexis) 16 Feb. 14 Many public services face a fiscal cliff over the next few years, but..with the support of communities and everyone pulling together, we will be able to deal with the many challenges we face as a city.

This is a new entry (OED Third Edition, June 2013; most recently modified version published online March 2022).

单词	fiscal cliff
释义	fiscal cliffn. Brit. /ˌfɪskl ˈklɪf/, U.S. /ˌfɪskəl ˈklɪf/ Origin: Formed within English, by compounding. Etymons: fiscal adj., cliff n. Etymology: < fiscal adj. + cliff n. Originally and chiefly U.S. A situation in which a particular set of financial factors causes or threatens sudden and severe economic decline. Frequently as part of an extended metaphor, esp. in early use.Popularized with reference to an (ultimately averted) combination of U.S. federal tax increases and spending cuts scheduled to take place on 1 January 2013: see quot. 2012. ΘΚΠ society > trade and finance > management of money > management of national resources > [noun] > political economy > states or trends of the economy inflation1821 economic cycle1832 recovery1843 downdraught1852 perfect competition1853 downturn1858 softness1872 slump1888 downtrend1890 sag1891 under-consumption1895 recession1905 downdrift1906 economic recession1908 air pocket1913 stickiness1913 trough1916 deflation1920 downswing1922 slowdown1922 scissors1924 scissors crisis1925 uptrend1926 reflation1932 depresh1933 upswing1934 stagnation1938 countercycle1944 fiscal cliff1957 turn-down1957 stagflation1965 soft landing1973 slumpflation1974 downer1976 1957 N.Y. Times 20 Oct. 1/2 To the prospective home owner wondering whether the purchase of a given house will push him over the fiscal cliff, probably the most difficult item to estimate is his future property tax. 1975 Milwaukee (Wisconsin) Sentinel 13 May i. 3 (heading) New York City teeters on edge of fiscal cliff. 2011 K. Blackwell & K. Klukowski Resurgent vii. 216 If voters in a state are foolish enough to elect reckless leaders who drive their state off a fiscal cliff, we must unapologetically hold the line in making them reap what they have sown. 2012 National Public Radio (Radio transcript) (Nexis) 29 Feb. Ben Bernanke: On January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. 2013 Economist (Electronic ed.) 2 Feb. 22 While the biggest part of the fiscal cliff was averted, a temporary payroll tax cut and George W. Bush's tax cuts on the rich have still expired, which has harmed consumer confidence. 2013 Northern Echo (Nexis) 16 Feb. 14 Many public services face a fiscal cliff over the next few years, but..with the support of communities and everyone pulling together, we will be able to deal with the many challenges we face as a city. This is a new entry (OED Third Edition, June 2013; most recently modified version published online March 2022). < n.1957
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