economic downturn

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12:57 Apr 24, 2020
English to Chinese 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
5经济下滑
jyuan_us
5經濟衰退
Ying-Ju Fang


  

Translations offered


5 hrs   confidence: Answerer confidence 5/5
经济下滑


Definition from own experience or research:
当股票、房地产和商品的价值下降、生产力增长缓慢或下降、国内生产总值萎缩、停滞或增长缓慢时,就发生了经济下滑。

Example sentence(s):
  • 近期中国经济下滑受到各方关注。 - website  
jyuan_us
United States
Local time: 07:55
Native speaker of: Native in ChineseChinese
PRO pts in category: 20
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696 days   confidence: Answerer confidence 5/5
經濟衰退


Definition from 國語辭典:
在經濟學中,經濟衰退是指一個經濟活動普遍放緩、商業萎縮的現象。此現象反應在總體經濟指標上,如GDP、就業、投資支出、產能利用率、家庭收入、企業利潤和通脹下降,而破產、失業率上升等。

Example sentence(s):
  • 受新冠肺炎疫情無預警爆發影響,菲國去年經濟衰退9.5%,創歷史新低。 - 首頁 | 經貿往來 | 全球商機資�  
  • 最近一段时间以来,国际舆论中对“中国经济衰退论”的鼓吹再一次甚嚣尘上。 - 道阻且长 行则将至:驳“中国  
  • 美國第 3 季經濟表現明顯較第 2 季回升,惟近期疫情升溫,且最新紓 困方案因兩黨對預算規模存有歧見而延宕,恐影響復甦步調,IHS 預 測 109 年經濟衰退 3.6%(上修 2.5 個百分點);110 年成長 3.1%(下修 0.6 個百分點)。 - 經濟情勢展望  

Explanation:
「下滑」和「衰退」非同義詞。「下滑」指下降、滑落。如:「受到經濟不景氣的影響,公司這個月的業績明顯下滑。」
Ying-Ju Fang
Taiwan
Local time: 19:55
Native speaker of: Native in ChineseChinese
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