1. A sustained reduction in a country's or region's economic output, productivity, or prosperity
The country faced severe economic decline during the 1990s.
O país enfrentou um grave declínio econômico durante a década de 1990.
2. A gradual weakening of financial conditions, purchasing power, or business activity
Economic decline in manufacturing led to job losses.
O declínio econômico na manufatura levou à perda de empregos.