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1.
A term used to describe something such as a flat tire. Basically because everyone is blaming the "economic downturn" for everything.
Friend one: Dang! I got a flat tire!

Friend two: What are you going to do, its an economic downturn...
by Priz April 07, 2009
 
2.
When the state of the economy affects your social life.
"Hey Soph, want to go to Vegas?"
"Can't. Economic Downturn"

"why would you buy $40 worth of paper products during an economic downturn?"

In the midst of an economic downturn, Amanda frequents all convenience stores and takes a penny from the "take a penny leave a penny" tray.
by Broke7386 December 10, 2008