Some companies will not survive the steepdownturn they are now battling through.
Times, Sunday Times (2009)
The outcome is a steep economic downturn as credit facilities are withdrawn from businesses and consumers.
Times, Sunday Times (2009)
The fastest growth in recent years has come from emerging economies such as China, Brazil and India, which helped to offset the steepdownturns in America and other leading economies.
Times, Sunday Times (2011)
Definition of 'downturn'
downturn
(daʊntɜːʳn)Explore 'downturn' in the dictionary
countable noun
If there is a downturn in the economy or in a company or industry, it becomes worse or less successful than it had been.