economic downturn

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12:57 Apr 24, 2020
English to Latvian translations [PRO]
COVID-19 - Bus/Financial - Economics
Additional field(s): Finance (general), Government / Politics, Social Science, Sociology, Ethics, etc., Journalism
English term or phrase: economic downturn
Definition from Market Business News:
An economic downturn, or a downturn, occurs when the value of stocks, property, and commodities fall, productivity either grows more slowly or declines, and GDP (gross domestic product) shrinks, stands still or expands more slowly. An economic downturn is part of the economic cycle, i.e., the natural fluctuation of the economy between periods of growth and contraction. We sometimes refer to the economic cycle as the trade cycle or business cycle. In most cases, a downturn refers to the downward movement on the graph. However, analysts and the press sometimes use the term when talking about a slowdown in growth.

Example sentence(s):
  • For those who actually lose their jobs in a severe economic downturn, and for those who work in industries affected, deaths have been shown to go up. Al Jazeera
  • Spending on video game TV ads is increasing, despite the economic downturn Tech Spot
  • Coronavirus: Renters ‘more at risk from economic downturn’ BBC
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GBK economics and finances specialistsGBK economics and finances specialists


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Summary of translations provided
5ekonomikas lejupslīde
olafspg (X)


  

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30 days   confidence: Answerer confidence 5/5
ekonomikas lejupslīde


Definition from IATE:
Ekonomikas lejupslīde ir makroekonomisks rādītājs, kas raksturo ekonomiskās aktivitātes kritumu valstī, reģionā utml.

Example sentence(s):
  • Lejupslīdes fāze tiek saukta arī par kritumu, recesiju. - uzdevumi.lv  
olafspg (X)
Local time: 07:27
Native speaker of: Native in LatvianLatvian
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