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  2. Dictionary

    down·turn
    [ˈdounˌtərn]
    noun
    downturn (noun) · downturns (plural noun)
    1. a decline in economic, business, or other activity:
      "a downturn in the housing market"
      Opposite:
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    WebFeb 15, 2024 · The most commonly used definition of a recession is at least two consecutive quarters of economic contraction - or "negative growth" - in gross domestic product (GDP). To break that down, GDP is …

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    WebSep 2, 2022 · In short, a period of significant decline in economic activity. A recession typically leads to drops in output and investment, falling profits for businesses and rising unemployment....

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    WebDec 12, 2022 · What is a recession? | McKinsey. December 12, 2022 | Article. (4 pages) One popular definition of recession is two consecutive quarters of economic contraction. Recessions are always caused by …

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    WebThe NBER’s Business Cycle Dating Committee defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, …

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