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Precipitously (Adverb)

Very suddenly and to a great degree; "conditions that precipitously increase the birthrate"; "prices rose sharply".

The economy fell precipitously over the course of a few years due to mismanaged resources.
The stock prices rose so strongly during the rally only to decline precipitously the following quarter.
After years of effort, her small business suddenly gained popularity and its profits grew precipitously.
Overgrazing caused the quality of the land to deteriorate precipitously over time.
The hikers traversed the steep terrain and the altitude decreased precipitously near the bottom.

Abruptly; in a precipitous manner; "the mountains rose precipitously from the shore".

The company's profits dropped precipitously after the change in management.
As we climbed higher the temperature fell precipitously, sending shivers down our spines.
The landscape shifted precipitously from lush forests to barren desert.
He became disenchanted with the project and pulled out precipitously, leaving his team in shock.
The river tumbled precipitously over the rocky edge, creating a breathtaking waterfall.