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  1. Dany's Avatar

    • Join Date: Aug 2004
    • Posts: 602
    #1

    What's the meaning

    The late 1980's saw a sharp rise in interest rates and an equally dramatic fall in property prices, both of which contributed to a downturn in business conditions across all sectors. The toll on the region was heavy, with many businesses going to the wall and a rapid rise in unemployment. ....

    Does "going to the wall" mean that many companies were going bankrupt?

    Thanks a lot in advance,
    Dany

  2. Philly's Avatar

    • Join Date: Jun 2006
    • Posts: 620
    #2

    Re: What's the meaning

    Hi Dany
    .
    Yes, if a business "goes to the wall", that means it fails.
    .

  3. Dany's Avatar

    • Join Date: Aug 2004
    • Posts: 602
    #3

    Re: What's the meaning

    Thank you for your fast answer

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