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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
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(Definition of downturn noun from the Cambridge Business English Dictionary © Cambridge University Press)
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