A negative change in the economy, such as from expansion to recession.

Use downturn in a sentence

The economic downturn that the city experienced after the factory closed was quite dramatic and it caused them to question whether the town could be saved.

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An economic downturn can occur every few years. The loans that banks give to their customers can play a large role in this issue. There has yet to be a solution.

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While stocks and housing were flying high in 2007, many believe that acknowledging underlying structural problems in the mortage markets could have predicted the downturn.

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default rate asymmetric volatility phenomenon (AVP)