downturn
Definition
- Noun:
- A decline, especially in economic or business activity: A "downturn" refers to a period when economic or business conditions become worse, characterized by a reduction in activity, performance, or prosperity.
Usage
- The word "downturn" is primarily used as a countable noun. It is most commonly applied to describe negative trends in economics, finance, or business sectors.
- It is often modified by adjectives specifying its nature or severity (e.g., , , , ).
- Typical collocations include: , , .
Examples
- Noun:
- The global economy is experiencing a significant downturn.
- The company's profits fell sharply during the last downturn.
- Experts are predicting a downturn in the housing market.
Advanced Usage
- "to go into a downturn": to enter a period of decline.
- The manufacturing sector went into a downturn last quarter.
- "to weather a downturn": to survive a period of decline without excessive damage.
- Their strong cash reserves helped them weather the downturn.
Variants and Related Words
- Downtrend (n): A downward trend, especially in the value of shares or other financial indicators. (Often used in financial contexts).
- Analysts observed a downtrend in tech stocks.
- Downswing (n): A decline or downturn, often used interchangeably with "downturn."
- The industry is on a downswing.
Synonyms
- Decline: A gradual and continuous loss of strength, numbers, quality, or value.
- Slump: A sudden severe or prolonged fall in activity, prices, or performance.
- Recession: A period of temporary economic decline during which trade and industrial activity are reduced.
- Slowdown: A reduction in speed or activity.
Antonyms
- Upturn: An improvement or upward trend, especially in economic or business activity.
- Boom: A period of great prosperity or rapid economic growth.
- Recovery: A return to a normal state of health, mind, or strength; in economics, a period of improving business activity.
Noun
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a worsening of business or economic activity
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the market took a downturn
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