Longman Dictionary of Contemporary English homepage

downturn

 noun
     
Related topics: Business, Economics
down‧turn [countable usually singular]
BPE a period or process in which business activity, production etc is reduced and conditions become worse [≠ upturn]:
America's current economic downturn
downturn in
a downturn in the auto industry
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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