- downturn
- The transition point between a rising, expanding economy to a falling, contracting one. Bloomberg Financial Dictionary
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downturn down‧turn [ˈdaʊntɜːn ǁ -tɜːrn] noun [countable, uncountable]ECONOMICS COMMERCE the part of the economic cycle when prices or the value of stocks, shares etc fall:• The publishing sector has proved largely immune to economic downturn.
downturn in• We have seen a sharp downturn in orders.
• Our value-oriented portfolio should serve us well in the event of a market downturn.
— compare recession, upturn* * *
downturn UK US /ˈdaʊntɜːn/ noun [C, usually singular] (also downswing)► ECONOMICS a reduction in the amount or success of something, such as a country's economic activity: economic/market downturn »Thousands of workers have lost their jobs in the economic downturn.
»There is evidence of a downturn in the housing market.
see/experience/suffer a downturn »The company saw a downturn in sales over the last six months.
»a serious/severe/sharp downturn
»a global/world/general downturn
Financial and business terms. 2012.