downswing

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The housing market's downswing may not yet be over;and its weakness could prompt consumers to increase their ultra-low saving rates, cutting into demand.
房屋市场的衰落趋势或许尚未结束，而且其疲软状态会促使消费者提高原本处在极低水平的储蓄率，这会降低需求。
As firms have held on to workers during the economic downswing, they will probably be slow to hire more in an upswing that anyway looks likely to be lethargic.
正如企业在经济下滑是留住工人一样，他们也会在经济上升是缓慢增加雇佣，总之这看上去可能毫无生气。
Most important, there is something strikingly different about this downswing: China, India, and other rising economic powers are offering alternative poles of growth for the global economy.
最重要的是，对于此次衰退有一个明显的不同之处：中国、印度和其他上升的经济大国为全球经济提供了另外的增长极。

But the reality is that analysts are only just catching up with the emotional downswing.
FORBES: Move up http://i.forbesimg.com t Move down
Moreover, fair-value accounting appears to play a part in the upswing of a cycle as well as in the downswing.
ECONOMIST: An accounting standard comes under the microscope
Governors are spending what could be a cyclical upswing in tax revenues on entitlements—such as increased education—which will be hard to reduce in a downswing.
ECONOMIST: A praline kind of party

A downswing is a sudden downward movement in something such as an economy, that had previously been improving.