German-English translation for "Konjunkturtief"

"Konjunkturtief" English translation

The global economic recession is certainly taking its toll.
Das Konjunkturtief der Weltwirtschaft fordert sicherlich seinen Tribut.
Source: Europarl
Taxes must not be raised still further, especially at a low point in the economic cycle.
Steuern dürfen gerade in einem Konjunkturtief nicht auch noch angehoben werden.
Source: Europarl
Source

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