credit crunch
sudden reduction in the general availability of loans or credit or a sudden tightening of the conditions required to obtain a loan from banks
en-US/ˈkɹɛdət ˈkɹʌnt͡ʃ/
en-GB/ˈkɹɛdɪt ˈkɹʌnt͡ʃ/
sudden reduction in the general availability of loans or credit or a sudden tightening of the conditions required to obtain a loan from banks