economic downturn

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12:57 Apr 24, 2020
English to Lithuanian 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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Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


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Summary of translations provided
4 +1ekonominis nuosmukis
Asta Narusiene


  

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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
ekonominis nuosmukis


Definition from Wikipedia:
Nuosmukis – periodas, kai sumažėja gamyba. Galiausiai mažėjant gamybai pradeda augti bedarbystė. Dalis ekonomistų teigia, kad nuosmukiu galima laikyti tik ekonominio aktyvumo nuosmukiu, kuris tęsiasi mažiausiai šešis mėnesius.

Example sentence(s):
  • Daugiau nei prieš dešimtmetį C. Borio parašė mokslinį straipsnį, kuriame teigiama, kad ekonominis nuosmukis dažniausiai įvyksta po stipraus kredito augimo ir namų kainų infliacijos periodo. - tv3.lt  
Asta Narusiene
Local time: 01:46
Native speaker of: Native in LithuanianLithuanian

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