Another word for downturn

When there is a downturn in the economy, as shown by past job loss statistics, many workers find themselves in a position where they never foresaw themselves.

clingtead of calling for what was necessary in the form of a general strike, the SWP leadership tenaciously clung to the downturn outlook.

In common with many large organizations, Royal Mail has seen its pension fund hit by the downturn in the stock market.

London has also been badly affected by the downturn, the index shows.

Retail has suffered a downturn in recent years, with some big names falling to the wayside.