The phrase "economic downtown" refers to a period when the economy of a country or region is not doing well. It means that businesses may be struggling, people may lose their jobs, and overall financial conditions may worsen. Full definition
The recent economic downtown has caused more and more individuals to develop negative marks on their credit reports. (badcreditloans.com)
With the global economic downtown, banks have become considerably picky with regards to lending. (personalmoneyservice.com)
Its pop psychology and self - help babble with a veneer of truth so that they may live rich and lavish lives in the face of one of the worst economic downtowns in American history in almost 100 years!!! (religion.blogs.cnn.com)