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downturn
/ˈdaʊnˌtɚn/
US
UK
noun
plural -turns
[count] :a situation in which something (such as business or economic activity) decreases or becomes worse - usually singular
an
economic
downturn =
a
downturn
in
the
economy
There's
been
a
downturn
in
the
housing
market
.
US