downturn
down
ˈdaʊn
dawn
turn
ˌtɜrn
tērn
British pronunciation
/dˈa‍ʊntɜːn/

Definition & Meaning of "downturn"in English

Downturn
01

a drop in market and business activities

Wiki
example
Examples
The global pandemic caused a severe economic downturn, affecting businesses worldwide.
The retail sector experienced a downturn due to declining consumer confidence and spending.
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