economic downturn
Financial activity contracts
An economic downturn is a period when economic activity contracts—production slows, unemployment rises, and consumer spending falls.
The term is somewhat euphemistic, softer than recession or depression: The company laid off workers during the economic downturn.
Downturns may be brief dips or prolonged declines, depending on underlying causes and policy responses.
- credit crunchSevere reduction in lending
- tight moneyRestricted credit supply
- stimulus packagesGovernment spending to boost economy
- trade warsEconomic conflicts via import duties
- slumpExtended period of decline
unemployment · job losses · pink slips · depression · asset bubbles · housing crash · austerity · belt tightening · foreclosure · social unrest · bankruptcy · going under · labor market · layoffs · inflation · collapse · currency devaluation · financial crisis
- business risksmarket risk, competition, data breach, cyberattack, lawsuit
- financial crisesfinancial collapse, bank run, bank failure, bank failures, bank runs
- unemploymentunemployment, unemployed, jobless, joblessness, unemployment rate
- cutbackscutback, cutbacks, decrease, layoff, reduction
- Bush 41Barbara Bush, Dan Quayle, Gulf War, Desert Storm, read my lips
- business failurebankruptcy court, insolvency, liquidation, closure, shutdown
economic downturneconomic boom
Sustained period of growth
boom · economic expansion · economic upturn · economic recovery · expansion
economic downturneconomic boom
Sustained period of growth
bull market · market rally · irrational exuberance · consumer confidence · investor confidence
economic downturnprosperity
Good fortune, success
economic prosperity · affluence · golden age · economic miracle · good times