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The institution defines the event as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. "A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough."
DOWNTURN - Synonyms, related words and examples | Cambridge English Thesaurus
a fall in the amount of business that is done; a time when the economy becomes weaker a downturn in sales/trade/business the economic downturn of the late 1990s opposite upturn Want to learn more? Find out which words work together and produce more natural-sounding English with the Oxford Collocations Dictionary app. Try it for free as part of the Oxford Advanced Learner’s Dictionary app.
Oct 20, 2023 · A recession is a trend of simultaneously slowing business and consumer activity, leading to negative growth as measured by gross domestic product (GDP) and other data series, such as the ...
Downturn definition: A tendency downward, especially in business or economic activity.
downturn meaning: a period when a business or economy becomes less successful: . Learn more.
From Longman Dictionary of Contemporary English Related topics: Business, Economics downturn down‧turn / ˈdaʊntɜːn $ -tɜːrn / noun [countable usually singular] B PE a period or process in which business activity, production etc is reduced and conditions become worse OPP upturn America’s current economic downturn downturn in a downturn in the auto industry Examples from the Corpus downturn • A downturn in one part of the world has always been partly offset by growth elsewhere.
