1. A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
The country experienced a severe economic downturn during the financial crisis of 2008.
O país enfrentou uma grave desaceleração econômica durante a crise financeira de 2008.
2. A reduction in economic activity; a recession or period of slower economic growth
Many businesses closed their doors during the economic downturn.
Muitos negócios fecharam as portas durante a desaceleração econômica.