nosedive

Back in the 2011 season, the Colombian crop took a nosedive, dropping from 12 million bags to 7.6 million.

Much the same as the rest of the world, the music industry took a nosedive in 2008.

Detroit broke down, the Steel Belt rusted, and bourbon whiskey took a terrifying nosedive.

Local newspapers in Caracas have also reported that a fishing crew witnessed the plane nosedive into the sea.

Whatever else you say about his policies, they halted the economic nosedive of 2008-2009.