nowadays; these days; at present
Formal, somewhat literary word for 'nowadays' or 'the present time'. Often used in written language or formal speech. Can function as a noun or adverb.
I hope you are enjoying increasing prosperity these days. (formal letter opening)
時下の情勢を踏まえて、慎重な対応が求められる。
In light of the current situation, a cautious response is required.
Compound of 時 (time) and 下 (under, current). The exact historical derivation is uncertain, but the combination conveys 'the time under which we live', i.e., the present era.