Definition of «downturn»

A downturn is a term used to describe an economic or business situation in which there is a decline, often due to external factors such as recession, reduced demand for goods and services, or other negative influences. It can also refer to a decrease in the level of activity, performance, or success of something. In general usage, it means a turn for the worse or an adverse change in circumstances.

Usage examples

  1. The company experienced a significant downturn in sales, resulting in layoffs and budget cuts.
  2. The economy is currently in a downturn, leading to decreased consumer spending.
  3. Due to the downturn in the real estate market, housing prices have fallen by 15%.
  4. The restaurant industry is facing a downturn as people are dining out less frequently.
  5. The stock market is showing signs of a downturn, causing investors to reconsider their investment strategies.

Sentences with «downturn»

  • With the economic downturn in recent years, there seems to have been a shift in what makes a good to excellent credit score? (excelcapmanagement.com)
  • And that is lower than the level before the economic downturn in 2008 when almost two thirds — 63 per cent — felt secure about their retirement savings. (rbc.com)
  • In addition, due in large part to the recent market downturn of 2008 and 2009, there are numerous retirees who are still recovering from substantial losses in their retirement portfolios. (insurancescored.com)
  • (see all sentences)
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