Definition, Meaning & Synonyms

business-downturn

Noun
/ˈbɪznɪs ˈdaʊnˌtɜrn/
Definition
A period during which business activity, revenue, or profits decrease significantly.
Examples
  • The recent business downturn has led to increased layoffs in several sectors.
  • During a business downturn, companies often restructure to cut costs.
  • Small businesses are especially vulnerable during a prolonged business downturn.
Meaning
A business downturn refers to a phase in the economic cycle where companies experience reduced customer demand, lower sales, and overall financial decline.
Synonyms
  • recession
  • decline
  • slump
  • downtrend