A 'downturner' is a term primarily used in financial and economic contexts, referring to an event, factor, or trend that contributes to or signifies a decline in economic activity, market performance, or individual financial standing. This can encompass a broad spectrum of scenarios, from recessions and market crashes to job losses and decreasing property values. The core implication is a negative shift, signaling financial hardship, decreased investment, or a general contraction in economic growth. The term is often used to highlight causes or indicators of worsening conditions, providing a framework for analysis of negative financial shifts. Furthermore, the context determines the specificity of the word, focusing on the downward trends, and is not only used by economists.
Downturner meaning with examples
- The sudden rise in interest rates acted as a major downturner, causing a sharp decrease in both housing sales and construction projects. Many financial analysts were quick to predict a serious downturn in the economy.
- Following the global pandemic, the restaurant industry experienced a significant downturner, with numerous establishments forced to close due to lockdowns and reduced consumer spending. Those who worked in the industry struggled.
- The company's quarterly report revealed a substantial drop in revenue and profit, which was seen as a major downturner. Investors quickly sold off their stocks, fearing further decline, and the stock price plummeted significantly.
- The increasing cost of raw materials and labor acted as a powerful downturner for the manufacturing sector. The resulting high prices made products unaffordable for many, resulting in reduced orders and production cuts.