downturn
US /ˈdaʊnˌtɝn/
Definition
a worsening of business or economic activity
Tested in TOEIC business and workplace contexts.
Examples
The economic downturn forced several small businesses to close their shops.
Synonyms
- slumpa noticeable deterioration in performance or quality
- recessionthe state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
Collocations
- Easy economic downturn impactdescribing economic downturn impact (of or relating to an economy, the system of production and management of material wealth)
- Medium survive the sharp market downturnto survive the sharp market downturn, meaning to continue to live through hardship or adversity
- Hard countercyclical policies during cyclical downturnsa collocation phrase: countercyclical policies during cyclical downturns
- Very Hard weather a severe and prolonged downturnto weather a severe and prolonged downturn, meaning to face and withstand with courage
Learner's English edition · Curated definitions for TOEIC learners.