Downturn Meaning: Definition, Examples, and Translations

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downturn

[ˈdaʊntɜːn ]

Definitions

^{Context #1 | Noun}

economic

A downturn is a decline in economic activity, characterized by a reduction in GDP, industrial production, and employment. It is often associated with periods of recession or economic slowdown.

Synonyms

decline, recession, slump.

Which Synonym Should You Choose?

Word	Description / Examples
downturn	Utilized to describe a general decrease in economic activity, often noticeable over a period of time. Typically used in business and economic discussions. The country is experiencing a significant economic downturn. There has been a downturn in consumer spending this quarter.
decline	Used to depict a gradual or continuous decrease in quantity, quality, or importance. Can be used in various contexts like health, power, or stock prices. There has been a noticeable decline in the quality of education. The company's shares have seen a steady decline over the past year.
recession	A technical term used to describe a period of temporary economic decline during which trade and industrial activity are reduced. Generally indicated by a fall in GDP in two successive quarters. The nation is grappling with its worst recession in decades. Many businesses were forced to shut down during the recession.
slump	Often describes a sudden or severe decrease, typically used in relation to business, sports performance, or physical health. Carries a negative connotation. He has been in a batting slump for the last two months. The market experienced a significant slump after the news.

Examples of usage

The recent downturn in the housing market has caused many homeowners to struggle.
The country is facing an economic downturn due to the global pandemic.

^{Context #2 | Noun}

general

A downturn can also refer to a downward or negative trend or change in any situation, not just limited to economics.

Synonyms

decline, decrease, drop.

Which Synonym Should You Choose?

Word	Description / Examples
downturn	Often used in the context of an economy or business, indicating a period when things are not going well. There has been a significant downturn in the housing market. The company is experiencing a downturn in profits.
decrease	Refers to a reduction in size, amount, or intensity. Can be used in various contexts, including science, health, and everyday situations. There was a decrease in the number of infections this month. Spending on education has decreased over the past decade.
drop	Implies a sudden and often significant fall. It can be used both in physical and metaphorical contexts. There was a sudden drop in temperature last night. Sales dropped dramatically after the holiday season.
decline	Used to describe a gradual reduction or lowering of something, such as numbers, quality, or power. The decline in birth rates is worrying demographers. The Roman Empire went into decline over several centuries.

Examples of usage

There has been a downturn in the company's profits this quarter.
The team is experiencing a downturn in performance lately.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Economics

Economic downturns often involve a decrease in consumer spending, which can lead to job losses.
During a downturn, businesses may lower prices to attract customers, which can lead to lower revenues.
Government policies, such as stimulus packages, are often implemented to combat downturns and encourage spending.

Psychology

Experiencing a downturn can lead to feelings of anxiety or despair, impacting mental health.
People may search for optimism during downturns, often engaging in community support or personal development.
Understanding cyclic patterns of downturns can help individuals manage expectations and develop resilience.

History

The Great Depression of the 1930s was one of the most significant downturns in modern history, with widespread unemployment.
Various countries have encountered economic downturns during oil crises, like the 1970s energy crisis.
The COVID-19 pandemic led to an unprecedented global economic downturn, causing a rapid shift in many industries.

Business

Companies often strategize during downturns to stay afloat, reducing costs or pivoting to new markets.
Startups may struggle to attract investment during economic downturns as investors become more risk-averse.
Global supply chain issues during downturns can create additional challenges for manufacturers and retailers.

Pop Culture

Movies and books often depict characters facing downturns, highlighting personal growth through adversity.
Many popular songs from various genres address themes of hardship and overcoming downturns in life.
Crisis-driven stories, including downturns, often resonate with audiences, reflecting real-life struggles.

Origin of 'downturn'

The word 'downturn' originated in the mid-20th century, combining 'down' and 'turn'. It gained popularity in the context of economics to describe a negative shift in economic indicators. Over time, its usage expanded to describe any downward trend or decrease in various situations.