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What is an Economic Downturn? Definition and Examples
An economic downturn, or a downturn, occurs when the value of stocks, property, and commodities fall, productivity either grows more slowly or declines, and GDP (gross domestic product) shrinks, stands still or expands more slowly.. An economic downturn is part of the economic cycle, i.e., the natural fluctuation of the economy between periods of growth and contraction.
DOWNTURN | English meaning - Cambridge Dictionary
DOWNTURN definition: 1. a reduction in the amount or success of something, such as a country's economic activity: 2. a…. Learn more.
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