downturn

Near-synonym: decline

The downturn in the economy made it harder to find jobs.

Any [economic] downturn will eventually impact on rail freight, and indeed passenger traffic, so operators are watching this closely.

The best companies are usually investing during an economic downturn.

If the COVID-19 epidemic persists for any length of time, UNCTAD says it is likely to result in a significant downturn in the global economy.

The International Air Transport Association (IATA) warned Thursday that the entire global airline industry is suffering amid a huge downturn in bookings.