信用 しんよう収縮 しゅうしゅくではありませんでした
shin'yō shūshukudewārimasendeshita

Noun
Desu Copula

The polite, past negative form of 信用収縮

1. Was not a credit crunch.; Was not a contraction of credit.

Past/Perfective
Negative
Polite
Formal Register
Finance