"downturn" refers to a period of decline or a downward trend in something, such as the economy or business activity. It usually indicates a negative change or a decrease in a particular situation or condition. Full definition
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)