状況
じょうきょう · joukyou · JLPT N3 · noun
situation
状況 = condition (状) + circumstances (況): how things stand
状 means form or condition (as in 状態, state). 況 means circumstances (as in 不況, bad times = recession). Both halves say roughly the same thing, so the compound doubles up: the condition of the circumstances, i.e. the situation.