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downturn

[ˈdaʊntɜːn]

downturn Definition

a decline or reduction in economic, business, or other activity.

Using downturn: Examples

Take a moment to familiarize yourself with how "downturn" can be used in various situations through the following examples!

  • Example

    The company is struggling to survive the current downturn in the economy.

  • Example

    The housing market has experienced a significant downturn in recent years.

  • Example

    The pandemic caused a sharp downturn in global tourism.

  • Example

    The stock market suffered a downturn due to the political uncertainty.

downturn Synonyms and Antonyms

Synonyms for downturn

Antonyms for downturn

Phrases with downturn

  • a period of negative economic growth, typically characterized by a decline in GDP and rising unemployment rates

    Example

    The country is experiencing an economic downturn due to the ongoing trade war.

  • a period of falling prices and reduced trading activity in financial markets

    Example

    Investors are bracing for a market downturn as the pandemic continues to spread.

  • business downturn

    a period of reduced business activity, often resulting in lower sales and profits

    Example

    The restaurant industry has been hit hard by the business downturn caused by the pandemic.

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Summary: downturn in Brief

The term 'downturn' [ˈdaʊntɜːn] refers to a decline or reduction in economic, business, or other activity. It is often used to describe periods of negative economic growth, such as a recession or slump. Examples include 'The company is struggling to survive the current downturn in the economy.' and 'The pandemic caused a sharp downturn in global tourism.' Phrases like 'economic downturn' and 'business downturn' specify the context of the decline.