The phrase "a downturn set" is not correct and does not convey a clear meaning in written English.
It may be intended to refer to a situation where a downturn is established or recognized, but the phrasing is awkward and unclear.
Example: "The economic indicators suggest that a downturn set in last quarter, affecting various sectors."
Alternatives: "a downturn established" or "a downturn occurred".
A bigger concern for the export-dependent Chinese and Japanese economies would be an economic downturn set off by a United States debt default or even a close flirtation with default, as the Obama administration has warned.
Those moves helped China bounce back quickly from a sharp downturn set off by the global turmoil.
Despite these problems, Armenia's economy experienced several years of double-digit growth before a sharp downturn set in in 2008.
From foreclosure to food shortages, the economic downturn set in motion by the financial crisis of 2008 is having a broad and deeply-felt global impact.
Last year, for example, the market rocketed in the two months before Mr. Ma's inauguration, only to plunge steadily afterward as the reality of the global downturn set in.
Cresswell said that because the downturn set in towards the end of last year, the rate of decline should ease off in the second half of 2009.
The French economy is still slightly smaller than it was at the beginning of 2008, just before the downturn set off by the global financial crisis.
In 2006, Don and Iris offered the ranch for sale to Kingdom Holdings, the investment firm owned by Prince Alwaleed, but then the 2007/2008 economic downturn set in, and he walked out of the deal.
In the spring of 1930, as the economic downturn set off by the previous year's stock market crash set in, Congress was debating the Smoot-Hawley tariff bill that sought to raise U.S. import barriers to record levels.
But the company has periodically overreached during its evolution, and economic downturns set off large accounting corrections to the value of its business.
