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downturn

[doun-turn]
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noun
  1. an act or instance of turning down or the state of being turned down: the downturn of a lower lip in a permanent pout.
  2. a turn or trend downward; decrease or decline: The new year brought a downturn in the cost of living.
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Origin of downturn

First recorded in 1925–30; noun use of verb phrase turn down
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for downturn

downturn

noun
  1. a drop or reduction in the success of a business or economy
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for downturn

n.

1926 in the economic sense, from down (adv.) + turn (n.).

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Online Etymology Dictionary, © 2010 Douglas Harper