contagion

Definitions

Economics

  • The phenomenon of a financial crisis in one country spilling over to another, which then suffers many of the same problems.

Forex

  • A descriptive term for the economic conditions of one region or country spreading to other areas of the world. Booms or busts can spread easily from one country to the next because of the complex interlinking of the modern global economy. Contagion can occur quickly with a dramatic impact on the currencies in the affected countries and, by extension, on the Forex market.

Medical

  • noun the process of spreading a disease by touching an infected person or objects which an infected person has touched
  • noun a disease spread by touch
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