downturn

[doun-turn]
noun
1.
an act or instance of turning down or the state of being turned down: the downturn of a lower lip in a permanent pout.
2.
a turn or trend downward; decrease or decline: The new year brought a downturn in the cost of living.

Origin:
1925–30; noun use of verb phrase turn down

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World English Dictionary
downturn (ˈdaʊnˌtɜːn)
 
n
a drop or reduction in the success of a business or economy

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

downturn
1926 in the economic sense, from down (adv.) + turn (n.).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
So an economic downturn is no friend of the environment.
In spite of the economic downturn there is development in town.
Responsible for its downturn: conversion of sagebrush habitat to agriculture.
US fatalities down, possibly due to economic downturn.
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