The noun 困境 (kùnjìng) means "predicament" or "difficult situation." It describes a state of being trapped in unfavorable circumstances with no easy way out. You will often see it paired with verbs like 陷入 (to fall into) or 遭遇 (to encounter).
他们的公司正面临前所未有的困境。
Tāmen de gōngsī zhèng miànlín qiánsuǒwèiyǒu de kùnjìng.
Their company is facing unprecedented difficulties.
我不知道怎么才能走出目前的困境。
Wǒ bù zhīdào zěnme cái néng zǒuchū mùqián de kùnjìng.
I don't know how to get out of the current predicament.
很多小企业在经济危机中陷入了困境。
Hěn duō xiǎo qǐyè zài jīngjì wēijī zhōng xiànrù le kùnjìng.
Many small businesses fell into difficulty during the economic crisis.