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The phrase "a dramatic contraction" is correct and usable in written English.
It can be used to describe a significant or notable decrease in size, scope, or intensity in various contexts, such as economics, literature, or physical phenomena.
Example: "The company experienced a dramatic contraction in its workforce due to the economic downturn."
Alternatives: "a significant reduction" or "a sharp decline."
Exact(7)
South Sudan faced a "dramatic contraction" in its gross domestic product, a "massive depreciation" of its currency and an "exponential rise in inflation".
Mr Pandit is believed to be an advocate of the bank's current (still vast) scale; others are said to want a dramatic contraction in Citi's balance-sheet.
The deal signals the demise of what was until recently one of America's fastest-growing financial institutions.This is the latest in a string of similar failures over recent months, all linked to a dramatic contraction in the securitised-mortgage market.
Greenspan said that the rally in Chinese stocks is "clearly unsustainable" and "there's going to be a dramatic contraction at some point". While we agree with his assessment, the timing remains uncertain.
After the former U.S. Federal Reserve chairman warned that the high-flying Chinese stock markets faced a dramatic contraction, the high-flying Chinese stock markets suffered a minor contraction on Thursday.
However, Atg7 −/− CD8+ T cells fail to inflate and instead undergo a dramatic contraction leading to a failure to form a MCMV-specific CD8+ T cell memory pool.
Similar(53)
So many years of atypical, read manic, economic expansion is followed inevitably by an equally dramatic contraction.
After having expanded its balance sheet during the period 2008-11, pretty much as the Fed had done, the ECB started a period of dramatic contraction in its balance sheet (and thus in the euro money base) from 2012 onwards.
Our habitat suitability maps confirm a dramatic range contraction for this species over the last 100 years.
The prime minister's remarks were his first detailed response after official figures showed a dramatic 0.7% contraction in economic activity in the second quarter of 2012.
We will deal with the deficit". The prime minister's remarks were his first detailed response after official figures showed a dramatic 0.7% contraction in economic activity in the second quarter of 2012.
More suggestions(16)
a dramatic slump
a dramatic deceleration
a substantial contraction
a dramatic curtailment
a dramatic slowdown
a dramatic drop
a dramatic decline
a huge contraction
a dramatic recession
a stunning contraction
a dramatic downturn
a remarkable contraction
a dramatic decrease
a dramatic narrowing
a dramatic tightening
a sudden contraction
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com