hit the skids

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hit the skids (third-person singular simple present hits the skids, present participle hitting the skids, simple past and past participle hit the skids)

1. (intransitive, idiomatic) To fail; to decline.
   • 2010, Ganesh Rathnam; Mises Daily, A Greek Tragedy in the Making‎:

     After all, if these measures could've succeeded, they would've been implemented five years ago when the world economy hadn't yet hit the skids.

• on the skids
• skid row