death spiral

US /ˈdeθ ˌspaɪ.rəl/
UK /ˈdeθ ˌspaɪ.rəl/
"death spiral" picture
1.

a situation in which a problem or bad situation gets worse and worse, causing other problems that make the original problem even worse

:
The company entered a death spiral after losing its major clients and failing to innovate.
Rising unemployment can lead to a death spiral in the economy.