Downturner
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.
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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.