Meaning of the word downturn in English

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

downturn

US /ˈdaʊn.tɝːn/
UK /ˈdaʊn.tɝːn/
"downturn" picture

Noun

1.

a decline in economic, business, or other activity

Example:
The company faced a significant downturn in sales last quarter.
Many businesses struggle during an economic downturn.
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