Downturn

Business, Legal & Accounting Glossary

Definition: Downturn


Quick Summary of Downturn


A decline in profitability or business activity.



What is the dictionary definition of Downturn?

Dictionary Definition


A downward trend, or the beginnings of one; a decline.


Full Definition of Downturn


A downturn is a worsening of business or economic activity. It may be related to a decline in a stock market, economic cycle, or corporate profits. A downturn may refer to a market, industry or corporation, but generally, it refers to economic conditions at large. A major downturn in a stock market is referred to as a bear market. An economic downturn may be a part of or precede a larger recession, however, a downturn does not necessarily signify prolonged negative growth. Some may consider a downturn a correction to normal operating levels of business, such as the downturn that followed the tech bubble burst in the late 1990s after a decade-long bull market had led to unusually high stock valuations.


Examples of Downturn in a sentence


Many businesses experience seasonal downturns that cause them to cut back on spending and lay off employees.
The downturn in business-class air travel in the past few years has directly impacted many sectors of the market, not just the airlines themselves.


Cite Term


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Downturn. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 09, 2020 https://payrollheaven.com/define/downturn/.
Chicago Manual of Style (CMS):
Downturn. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/downturn/ (accessed: July 09, 2020).
American Psychological Association (APA):
Downturn. PayrollHeaven.com. Retrieved July 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/downturn/

Definition Sources


Definitions for Downturn are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 3 Views.