shrinkage - definition and synonyms

noun 

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/ˈʃrɪŋkɪdʒ/
  1. 1
    [uncountable] the process of becoming smaller in size

    Expect some shrinkage when you wash this garment for the first time.

  2. 2
    [singular/uncountable] a reduction in something

    a sharp shrinkage in profits