What is another word for downturn?

311 synonyms found


[ dˈa͡ʊntɜːn], [ dˈa‍ʊntɜːn], [ d_ˈaʊ_n_t_ɜː_n]

Synonyms for Downturn:

How to use "Downturn" in context?

The word "downturn" can have a variety of connotations, all of which are linked to the act of falling down or declining in status. In financial terms, a downturn is a period of prolonged recession, marked by a sharp decline in economic activity. This can result from a number of factors, including a decrease in demand for goods and services, an over accumulation of credit, or an increase in unemployment. Economic downturns can have a devastating impact on individuals and economies, leading to a loss of jobs, a reduction in household income, and a rise in poverty rates.

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