Definition of recession in English:

recession

Syllabification: re·ces·sion
Pronunciation: /rəˈseSH(ə)n
 
/

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.
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
2chiefly Astronomy The action of receding; motion away from an observer.
More 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

Pronunciation: /-ˌnerē/
adjective
More 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:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day neoteny
Pronunciation: nēˈätn-ē
noun
retention of juvenile features in the adult animal