text: what is the meaning of spiralling economy? can you please give a brief description on it.. thanx an economy in crisis...it may be of poltical reason like unceratainity or coup or economic fall out. it may be due to capital outflows flowing out of the country due to poltical uncertanity plunging the country wealth with fall in currey levels pushing country into deep crisis.  in 1994's flowing assasination of mexican presidental candidate donaldo colasio created poltitical violence and trouble. a popular uprising in the state of chiapas triggere violence. investor began to take a second look at mexico. the raise in interest rate levels in us attracted investors and they began to withdraw the much need money from mexico resulting in fall in exchange rate reserves triggereing a major crisis that soon spread to other countries...popularly called tecquils crisis.   great depression, the asian finaincial crisis of 1998 are the notable examples.