Definition of recession in English:
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.
- 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.
2chiefly Astronomy The action of receding; motion away from an observer.
- 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.
- 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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.