The nation of Nadiria is in the midst of a terrible economic downturn.The nation's GDP has been declining steadily for over five years and is now at its lowest level in over fifty years.Nadiria's unemployment rate is at an all time high and the nation's CPI is falling.Nadiria is experiencing a:

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Nadiria is experiencing a depression, which is characterized by a prolonged period of economic and social decline, high unemployment, and low levels of economic activity. Stagflation, on the other hand, refers to a period of stagnant economic growth coupled with high inflation. A balance of trade deficit refers to a situation where a nation's imports exceed its exports. Retraction is not a term commonly used in economics, and it is unclear what is meant by this choice.

The Nation of Nadiria Is in the Midst of a Terrible