downturn

US /ˈdaʊn.tɝːn/
UK /ˈdaʊn.tɝːn/
"downturn" picture
1.

a decline in economic, business, or other activity

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