Meanings of economic tailspin in English

The failed policies pushed Brazil further into an economic tailspin until the 1994 creation of a currency, the real, brought stability.

That would worsen the U.S. recession and send Detroit deeper into an economic tailspin that has lasted most of a decade.

The failed policies pushed Brazil further into an economic tailspin, until the creation of a new currency, the real, in 1994 finally brought stability.