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recession

Line breaks: re|ces¦sion
Pronunciation: /rɪˈsɛʃ(ə)n
 
/

Definition of recession in English:

noun

1A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters: the country is in the depths of a recession [mass noun]: measures to pull the economy out of recession
More example sentences
  • Economic recessions are predominantly the result of insufficient demand.
  • This obviously buoys the market in good times and smooths its falls in recessions.
  • As political economists have always emphasised, periodic recessions are endemic to capitalism.
Synonyms
economic decline, downturn, depression, slump, slowdown, trough, credit crunch, credit squeeze;
hard times
informal bust
2 [mass noun] chiefly Astronomy The action of receding; motion away from an observer.
Example sentences
  • The expansion of the Universe is described by a very simple equation called Hubble's law; the velocity of the recession of a galaxy is equal to a constant times its distance.
  • In 1842 Doppler proved that the colour of a luminous body, like the pitch or note of a sounding body, must be changed by velocity of approach or recession.
  • The velocity of recession is proportional to the distance from us.

Origin

mid 17th century: from Latin recessio(n-), from recess- 'gone back', from the verb recedere (see recede).

Derivatives

recessionary

1
adjective
Example sentences
  • While some commentators seem to have made it their mission to hasten the country into a recessionary spiral, the views of the leading businesspeople serve as a timely antidote.
  • This will make recessionary declines less severe and shorter, but it will not prevent economic downturns completely.
  • This is designed to prevent a market collapse, which could have serious consequential effects in the current recessionary climate.

Definition of recession in:

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