Meanings of steep downturn in English

The bankruptcy marked a steep downturn in the fortunes of Europe's refining sector.

China has been a bright spot amid a global industry still recovering from a steep downturn.

The steep downturn in house building will, by itself, subtract four percentage points from this year's growth rate.

The nuclear industry has also seen a steep downturn in the wake of Japan's Fukushima disaster in 2011.

A steep downturn in construction had been anticipated in 2008 following the unsustainable building boom of recent years.

Stocks pulled back slightly in New York yesterday, halting a modest three-session recovery from the steep downturn of recent weeks.

A steep downturn in global demand for new cars has sent governments scrambling to provide emergency loans to the auto industry.

Earlier, the blue chip barometer broke above 5600 for the first time since last month's steep downturn sent the Dow tumbling.

REDGroup, owned by Pacific Equity Partners, collapsed in February amid high levels of debt and a steep downturn in the retail sector.

Titan has suffered losses for five consecutive years after its debt-driven growth strategy came undone during a steep downturn in the shipping industry.

In a statement, administrator Matthew Tait said the company's collapse was down to "the sudden and steep downturn" in the economy.

The deceleration in the pace of activity growth has been triggered by a steep downturn in housebuilding and this is set to continue through 2008.

The companies are seeking up to C$11.5 billion in total loans in Canada due to a steep downturn in global auto sales.

Ongoing steep downturns in the periphery are now being accompanied by signs of renewed weakness in countries such as Germany and France.

He said output in Italy probably declined 1 percent in the second quarter, with steep downturns also on the cards in Spain and France.