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“phase descendante” in English

4 examples
Lorsque le marché a entamé son inévitable phase descendante, comme il fallait s’y attendre, certaines de ces réserves se sont révélées insuffisantes.
When the inevitable market downturn occurred, some of these reserves were found to be insufficient.
Si nous consolidons fermement pendant les périodes favorables, nous pouvons être plus détendus lorsque le cycle économique entre en phase descendante.
If we consolidate firmly in good times then we can be more relaxed when the economic cycle takes a downturn.

Examples from Tatoeba (CC BY 2.0 FR) and Europarl (OPUS). Sentences are not reviewed one by one.

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