The phrase "recent downturn" means a recent decline or drop in something, like a decrease in business profits, stock prices, or economic growth. Full definition
Yet nothing about the ETF's response to the most recent downturn raises long - term questions about its viability as a suitable dividend - paying investment for most investors. (fool.com)
That figure fell to around 40 percent until the most recent downturn which cut it down to about 30 percent. (trib.com)
And that is just in the typical recession; the most recent downturn was far worse. (fivethirtyeight.com)