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
