Downswing (Noun)
Meaning 1
A worsening of business or economic activity; "the market took a downturn".
Classification
Nouns denoting acts or actions.
Examples
- The company's profits suffered during the downswing of the market in 2008.
- The factory was forced to lay off hundreds of workers due to the economic downswing in the industry.
- As the country's downswing deepened, the government implemented policies to stimulate growth.
- Investors struggled to navigate the complexities of the downswing, with many incurring heavy losses.
- Despite its reputation for stability, the financial institution found itself reeling during the economic downswing of the 1930s.