downturn – n. a situation in which something (such as business or economic activity) decreases or becomes worse (usually singular)
engage with – phrasal verb to give serious attention to (someone or something)
procedural – adj. describing a series of actions that are done in a certain way or order; an established or accepted way of doing something
aboveboard – adj. open, honest and legal
integrity – n. the quality of being honest and fair
precipitous – adj. happening in a very quick and sudden way
sustain – v. to provide what is needed for (something or someone) to exist, continue, etc.
regime – n. a form of government