Definitions for downturn
ˈdaʊnˌtɜrndown·turn

Princeton's WordNetRate this definition:0.0 / 0 votes

1. downturn, downswingnoun

   a worsening of business or economic activity

   "the market took a downturn"

WiktionaryRate this definition:0.0 / 0 votes

1. downturnnoun

   A downward trend, or the beginnings of one; a decline.

   The downturn in the economy made it harder to find jobs.

WikipediaRate this definition:0.0 / 0 votes

1. downturn

   In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters.Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasing interest rates or increasing government spending and decreasing taxation.

ChatGPTRate this definition:0.0 / 0 votes

1. downturn

   A downturn is a decline or decrease in economic, business, or industrial activity, often marked by significant decrease in sales, production, investment, employment rate or other economic indices. It is usually regarded as a part of the overall business cycle or economic cycle.

Matched Categories

1. • Worsening

Anagrams for downturn »

1. turndown

2. turn down

How to pronounce downturn?

1. Alex

   US English

   David

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   Mark

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   Daniel

   British

   Libby

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How to say downturn in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of downturn in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of downturn in Pythagorean Numerology is: 3

Examples of downturn in a Sentence

1. Angel Gurria:

   A trade war, especially at this point in time, where the world economy is going through a historical downturn, would hurt the economy, jobs and confidence even further, a multilateral solution... is clearly the best way forward.

2. Central Bank:

   Despite the downturn in global trade, Irish exports are projected to have grown by over 4% last year, with this resilience reflecting the strong growth of exports of pharmaceuticals, computer services and business services, as a result, GDP is now estimated to have grown by 2.5 per cent in 2020.

3. Mark Zuckerberg:

   We seem to have entered an economic downturn that will have a broad impact on the digital advertising business, it's always hard to predict how deep or how long these cycles will be, but I'd say that the situation seems worse than it did a quarter ago.

4. George Raitu:

   Millions of people are staring at a wall of expiring support programs, such as the pandemic unemployment insurance and eviction protection, which dampen the brightness of the incoming holiday season, while we see a light at the end of the pandemic tunnel with upcoming vaccines, there is still a big question around whether Congress can come to terms on a new stimulus package to help the country recover from the current economic downturn.

5. James Abate:

   It's ironic that we're having The Fed debating the next rise in interest rates when we are heading into an economy that is in a cyclical downturn. The Fed missed their window to begin to normalize policy three year ago, the Fed is The Fed. No one knows how this movie ends.

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=downturn
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Downturn
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Downturn
4. ^ ChatGPT
   https://chat.openai.com