What is another word for sharp fall?

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Noun A sudden or dramatic deterioration or decrease nosedive drop decline decrease downturn slump plunge reduction downswing diminution tumble lessening cut crash ebb abatement plummet dwindling recession downtrend downslide downgrade lapse declivity drop-off fall descent dip dive slide lowering deterioration falling off downfall falloff devaluation depression skid decrement depreciation downtick diminishment loss shrinkage down depletion dent fall-off step down cutback declension diminishing degradation wane degeneration sag waning falling-off degeneracy decadence collapse declination dropoff slip devolution dropping off regression weakening curtailment precipitation withering slackening landslide decay ebbing let-up failing downhill trend retrogression comedown atrophy worsening relapse backsliding declining contraction markdown deflation devaluing cheapening downgrading lowering in value decrease in value slope reduction in value accounting allowance dying down loss of value trough incline gradient meltdown reverse slant blight dump steep fall hang bottoming out hill inclination downhill hanging downslope droop “Essentially, the long downturn resulted from the sharp fall of the profit rate and the long time it took to recover.” Find more words! 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