a downward swing, as of a golf club in driving a ball.
a downward trend or decrease, as of business or a nation's birth rate.

1895–1900; down1 + swing1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
downswing (ˈdaʊnˌswɪŋ)
1.  a statistical downward trend in business activity, the death rate, etc
2.  golf the downward movement or line of a club when striking the ball

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
The factors contributing to each upswing and subsequent downswing in the
  economy vary with each episode.
Following two years of economic downswing, the outlook for the near future is
  gradually improving.
The resulting economic downswing created significant hardships on the farming
The widening of the federal budget deficit during the course of the recession
  more than accounted for the downswing in net saving.
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