downturn[noun]Synonyms: decline, dip, downslide, downswing, downtrend, drop, falloff, sag, slip, slump
English Thesaurus: recession, depression, slump, slowdown, downturn, ... [TahlilGaran] English Synonym Dictionary ▲
down‧turn /ˈdaʊntɜːn $ -tɜːrn/
noun [countable usually singular] a period or process in which business activity, production etc is reduced and conditions become worse
Antonym : upturn:
America’s current economic downturndownturn in a downturn in the auto industry [TahlilGaran] Dictionary of Contemporary English ▲
recession a period when a country’s economic growth stops and there is less trade:
The industry has cut jobs due to the recession. fears that the economy may be sliding into recessiondepression a long period during which there is a bad recession, so that there is very little business activity and a lot of people do not have jobs:
During the depression of the 1930s, as many as 20% of the population were jobless.slump a fairly short period when there is a reduction in business and many people lose their jobs:
The slump in the housing market is making it difficult for people to sell their homes.slowdown a period when there is a reduction in business activity, that may be the start of a recession:
High prices could tip the slowdown in the US into a world recession.downturn a period during which there is a reduction in business activity and economic conditions become worse, when before the economy was growing:
Public spending may reduce the effects of the downturn.crash an occasion when the value of stocks and shares on a stock market falls suddenly and by a large amount, causing economic problems:
The Wall Street Crash of 1929 was disastrous for not only the American economy, but for the world economy. [TahlilGaran] English Thesaurus ▲