Meaning of the word "bottom out" in English

What does "bottom out" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bottom out

US /ˈbɑː.t̬əm aʊt/
UK /ˈbɑː.t̬əm aʊt/
"bottom out" picture

Phrasal Verb

1.

reach the lowest point in a continuously declining situation and then stabilize or improve

Example:
The economy is expected to bottom out next quarter.
After a long decline, the stock price finally started to bottom out.
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