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  2. a period when a business or economy becomes less successful:
    dictionary.cambridge.org/dictionary/learner-english/…

    A downturn does not necessarily mean an economy is in recession. Often it is just a temporary blip which disappears in the next quarter. The Merriam Webster dictionary defines a downturn as: “A situation in which something (such as business or economic activity) decreases or becomes worse.”.

    marketbusinessnews.com/financial-glossary/econo…
     
  3. People also ask
    What is a economic downturn?The Merriam Webster dictionary defines a downturn as: “A situation in which something (such as business or economic activity) decreases or becomes worse.” An economic downturn occurs when shares prices decline, GDP growth slows down or becomes negative, unemployment rises, and consumers spend less.
    What is downsizing a company?This involves reducing the size of the workforce, plant closures, and making the firm’s departments more productive and efficient. Downsizing aims to restructure an organization to make it more competitive. It is a natural progression in terms of the development of an organization.
    Why does borrowing go down during a downturn?Borrowing by consumers and businesses goes down for two main reasons during a downturn: If people worry about their jobs, they are less likely to want to get into debt or further into debt. Banks become more cautious who they lend money to, i.e. getting a loan becomes more difficult.
     
  4. What is an Economic Downturn? Definition and …

    WEBThe Merriam Webster dictionary defines a downturn as: “A situation in which something (such as business or economic activity) decreases

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