downturndown·turn /ˈdaʊntɜːn-tɜːrn/ noun [countableC, uncountableU] ECONOMICSCOMMERCEthe part of the economic cycle when prices or the value of stocks, shares etc fallThe publishing sector has proved largely immune to economic downturn.
downturn inWe have seen a sharp downturn in orders.
Our value-oriented portfolio should serve us well in the event of a market downturn.
→ compare recession, upturn