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What is a downturn?

What is a downturn? Here are some definitions.

Noun
  1. A downward trend, or the beginnings of one; a decline.
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Examples
The impact of the global downturn in the construction sector has wiped billions off the value of stocks in the sector.
His faith was in a simplistic Keynesianism that said willy-nilly government spending could cure the downturn.
Religious publications also appear to have weathered the downturn in religious practice.
Many employees have seen a big drop in remuneration packages during the downturn which has had a knock-on effect on house prices.
Hurt by a downturn in the print industry, Wyndeham has been rationalising its business units to improve efficiency.
Last year witnessed a dramatic downturn and 2002 promises to be little better, despite earlier hopes of a rebound in the second half of the year.

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