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Downturn   /dˈaʊntˌərn/   Listen
Downturn

noun
1.
A worsening of business or economic activity.  Synonym: downswing.






WordNet 3.0 © 2010 Princeton University








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"Downturn" Quotes from Famous Books



... industrialized West European countries. Rich in natural resources, Australia is a major exporter of agricultural products, minerals, metals, and fossil fuels. Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports of manufactured goods, but competition in international markets continues to be severe. Australia has ...
— The 1998 CIA World Factbook • United States. Central Intelligence Agency.

... overview: Bulgaria, a former communist country that entered the European Union on 1 January 2007, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. Minerals, including coal, copper, and zinc, play an important role ...
— The 2007 CIA World Factbook • United States



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