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Discover Ludwig"downturn in" is correct and can be used in written English
You can use it to refer to an economic or business situation in which there has been a decrease in production, sales, or prices. For example: "The Coronavirus pandemic has caused a sharp downturn in the global economy."
Exact(59)
"The downturn in giving is reflecting the downturn in the economy.
The downturn in Japan, another big market, has not helped.
That's a buffer against the downturn in defense spending".
But what might cause the downturn in the first place?
The Hunter (1982) represented a downturn in record sales.
The company is suffering through a sharp downturn in sales.
The downturn in the housing market has been abrupt.
A downturn in the stockmarket could unsettle everyone.
Portland reached another low for the current downturn in January.
"A downturn in the industry is badly needed," he said.
The economic downturn in Japan has taken its toll.
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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