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1.
A phrase commonly used during a recession to sophisticate a person's excuse for not paying for anything he should.
"In this economic climate, I'm afraid I simply cannot afford to realize the dividends in my portfolio."

"Sorry, I can't pay muh rent because of this economic climate."

"Gotta quarter? I'm homeless thanks to the gub'ment and this economic climate."
by trionna & shiggity March 25, 2009