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economic downturn

Ukrainian translation: економічний спад

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12:55 Apr 24, 2020
English to Ukrainian 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


This question is closed

Ukrainian translation:економічний спад
Definition:
Офіційно фазою економічного спаду, або рецесією, вважають падіння ділової активності, що триває понад три місяці підряд.
Selected response from:

Tetiana Tkachenko
Ukraine
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
3 +2економічний спад
Tetiana Tkachenko


  

Translations offered


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
економічний спад


Definition from Wikipedia:
Офіційно фазою економічного спаду, або рецесією, вважають падіння ділової активності, що триває понад три місяці підряд.

Example sentence(s):
  • Пандемія коронавірусу у світі призведе до економічного спаду та втрати робочих місць, показники яких будуть гіршими, ніж під час глобальної фінансової кризи у 2008 році. - Укрінформ  
Tetiana Tkachenko
Ukraine
Local time: 15:05
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian
PRO pts in category: 4

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Yuliia Behen (nee Herus)
2 days 6 hrs
Yes  Nataliia Gorina
3 days 2 hrs
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