Meaning of the word "go to hell in a handbasket" in English

What does "go to hell in a handbasket" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

go to hell in a handbasket

US /ɡoʊ tə hɛl ɪn ə ˈhændˌbæskɪt/
UK /ɡəʊ tə hɛl ɪn ə ˈhændˌbɑːskɪt/
"go to hell in a handbasket" picture

Idiom

to deteriorate rapidly; to be on a path to complete ruin or disaster

Example:
If we don't fix these problems, the company is going to go to hell in a handbasket.
The economy seems to be going to hell in a handbasket with all these new policies.