Downturn

/dˈa‍ʊntɜːn/

/ˈdaʊnˌtɝn/

Downturn

a drop in market and business activities; a period during which the economy is in a bad state

synonyms : downswing

Examples

1. With the real estate market downturn, homeowners lost their shirts when the value of their properties declined sharply.

2. Due to the economic downturn, many people are finding themselves on the dole for extended periods.

3. The business owner anticipated a downturn in the market and diversified their products, avoiding losses.

4. According to recent polls, the finger of blame is pointing squarely at the president for the recent economic downturn.