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  2. a period when a business or economy becomes less successful:
    dictionary.cambridge.org/dictionary/learner-english/…

    A downturn does not necessarily mean an economy is in recession. Often it is just a temporary blip which disappears in the next quarter. The Merriam Webster dictionary defines a downturn as: “A situation in which something (such as business or economic activity) decreases or becomes worse.”.

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