slowdown

Definition

A period of slow economic growth, especially one that follows a period of robust growth. Unlike a recession, economic growth during a slowdown is not necessarily negative. For example, a country whose GDP has experienced 3%, 3.3% and 3.5% growth for three consecutive quarters, but then sees growth of 3.51% and 3.52% is not in a recession but in a slowdown.

Use slowdown in a sentence

You may find that your product is in a state of slowdown and will need to try and pick it up agian.

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We were girding ourselves for the coming economic slowdown by doubling down on our core business model and trying to cut costs where we could.

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Last year, when the economy was booming, Warren warned everyone it wouldn't last and he wasn't surprised at the slowdown that occurred months later.

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depression sluggish economy