downturn - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “downturn”

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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
Translations of “downturn”
in Chinese (Traditional) 衰退,漸入低迷…
in Russian спад…
in Turkish düşüş, işte başarısızlık, azalma…
in Chinese (Simplified) 衰退,渐入低迷…
in Polish załamanie…
(Definition of downturn from the Cambridge Business English Dictionary © Cambridge University Press)
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