downturn

American  

[doun-turn] / ˈdaʊnˌtɜrn /

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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downturn British  

/ ˈdaʊnˌtɜːn /

noun

1. a drop or reduction in the success of a business or economy

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Etymology

Origin of downturn

First recorded in 1925–30; noun use of verb phrase turn down

Example Sentences

But if yields are falling because of worsening expectations for the economy or job market, things change because such a “flight-to-safety” trade would likely be accompanied by a downturn in stocks and other assets.

From MarketWatch

His major mistake—failing to understand how vulnerable the financial system was to a housing downturn—became apparent only after he had turned the keys over to Ben Bernanke.

From Barron's

These safe-haven investments often offer low volatility and could help protect investors from market downturns, but they generally lag during bull markets.

From MarketWatch

Software stocks continue to lead the downturn and have acted as the lynchpin for AI-related angst in the broader market.

From Barron's

Employers could respond with AI-driven job cuts they were contemplating anyway, deepening the downturn.

From The Wall Street Journal

Related Words

• decline
• deterioration
• dip
• plunge
• slide
• slump