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Downturn
01
a drop in market and business activities
Example
The downturn in the housing market led to a decrease in property values and home sales.
The global pandemic caused a severe economic downturn, affecting businesses worldwide.
In response to the market downturn, the company implemented cost-cutting measures to stay afloat.
The retail sector experienced a downturn due to declining consumer confidence and spending.
Investors were cautious as they anticipated a potential downturn in the tech industry.
