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English definition of “downturn”

downturn

noun [C, usually singular]
 
 
/ˈdaʊntɜːn/ (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
→ Compare upturn
(Definition of downturn from the Cambridge Business English Dictionary © Cambridge University Press)
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