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Downturn |
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Downturn (1) A period of contraction or decline of economic activity, especially real GDP, but typically employment as well. (2) The transition of an economy from growth to contraction, also known as a peak of economic activity. Downturn A decline in a security or market, especially after a long bullish period. A downturn is considered an inevitable part of the business cycle. See also: Bear market.
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