downturn inEconomics topic From Longman Dictionary of Contemporary English down‧turn/ˈdaʊntɜːn$-tɜːrn/noun[countable usually singular]aperiodor process in which businessactivity,productionetc isreducedandconditionsbecome worseOPPupturnAmerica’s currenteconomic downturndownturn ina downturn...
downturn (ˈdaʊnˌtɜːn) n (Economics) a drop or reduction in the success of a business or economy Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 ...
These observations form part of the foundation ofKeynes'stheory of how an economy can experience a sustained downturn. The acceleration effect can also interact with theinvestment multiplier effectto magnify both economic booms and recessions in this theory. Sponsored Trade on the Go. Anywhere, Anyt...
NBER also points out that there is “no fixed rule about what measures contribute information to the process or how they are weighted in our decisions.” A downturn must be deep, pervasive, and lasting to qualify as a recession by NBER's definition. Since some of these qualities may not ...
halting hires, and decreasing spending to insulate themselves from the effects of the upcoming downturn in the economy. Similarly, consumers can exacerbate the effects by withdrawing their investments or refusing to make additional purchases and selling their assets in fear of the item’s pending depr...
Example: “The policy demonstrated an economic bias toward urban areas, neglecting the needs of rural communities.” Economic Crisis An economic crisis is a period of significant decline in the economy, characterized by a downturn in economic activity, high unemployment, and financial instability. ...
A decline in economic, business, or other activity - a downturn in the housing market Web Definitions: a worsening of business or economic activity; "the market took a downturn" In economics, a recession is a business cycle contraction, a general slowdown in economic activity over a perio...
noun depression, drop, decline, slump, downturn, slowdown, trough The recession caused sales to drop off. boom, upturn Quotations"It's a recession when your neighbour loses his job; it's a depression when you lose yours" [Harry S. Truman] Collins Thesaurus of the English Language – Comple...
Both of these terms refer to a period of time in which there is a downturn in the economy. The difference between the two terms refers to the length and severity of the downturn. A recession can be considered part of a normal cycle, as growth cannot be constant and/or permanent. This ...
The peak phase is a turning point in the business cycle because the high productivity, high employment rate, and high GDP growth rate make the economy unable to stretch further. The inability of the economy to grow further eventually causes an economic downturn. The unemployment rate in the p...