: a downward turn especially toward a decline in business and economic activity
Example Sentences
Recent Examples on the WebTwitter cited significant challenges to its business since the approval of the bonus plan in January, including fallout from the economic downturn and its uncertain deal to be acquired by billionaire Elon Musk. Catherine Thorbecke, CNN, 22 Aug. 2022 Stock futures are falling, following on from Friday's downturn when all three major indexes finished the week in the red.WSJ, 22 Aug. 2022 The governor said at Florida’s Airports Council conference on Aug. 1 that his state’s budget surplus could insulate it from a downturn. Josh Boak, Chron, 20 Aug. 2022 French President Emmanuel Macron was facing a reelection battle against a resurgent right wing, and Britain was suffering from a post-Brexit economic downturn. Liz Sly, Washington Post, 16 Aug. 2022 In the second quarter, Galaxy reeled from the general downturn in crypto prices, reporting a net loss of $554.7 million, more than three times higher than the firm’s loss in the same quarter last year. Marco Quiroz-gutierrez, Fortune, 15 Aug. 2022 Moreover, that stimulus brought about a speedy economic recovery from the March 2020 downturn, triggering a hiring blitz. Max Zahn, ABC News, 14 Aug. 2022 With that said, this economic downturn has actually played out in our favor. Jessica Mathews, Fortune, 30 Aug. 2022 If inflation doesn’t recede and the Fed responds with additional, aggressive interest-rate increases, then the U.S. might be on the cusp of an unambiguous downturn that everyone agrees to call recession. Jon Hilsenrath, WSJ, 28 Aug. 2022 See More