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(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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A decline in security prices or economic activity following a period of rising or stable prices or activity. Even strong bull markets are subject to occasional downturns.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.