recession

¹ American  

[ri-sesh-uhn] / rɪˈsɛʃ ən /

noun

1. the act of receding recede or withdrawing.

2. a receding recede part of a wall, building, etc.

3. a withdrawing procession, as at the end of a religious service.

4. Economics. a period of an economic contraction, sometimes limited in scope or duration.

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recession ² American  

[ree-sesh-uhn] / riˈsɛʃ ən /

noun

1. a return of ownership to a former possessor.

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recession ¹ British  

/ riːˈsɛʃən /

noun

1. the act of restoring possession to a former owner

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recession ² British  

/ rɪˈsɛʃən /

noun

1. a temporary depression in economic activity or prosperity

2. the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service

3. the act of receding

4. a part of a building, wall, etc, that recedes

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recession Cultural  

1. A general business slump, less severe than a depression.

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Etymology

Origin of recession¹

First recorded in 1640–50, recession is from the Latin word recessiōn- (stem of recessiō ). See recess, -ion

Origin of recession²

First recorded in 1885–90; re- + cession

Example Sentences

When viewed as a percentage of disposable personal income, this is a fairly good recession indicator, Mike Reid, head of U.S. economics at RBC Capital Markets tells Barron’s.

From Barron's

The only exception would be if the economy gets hit with a second shock, such as an oil price spike that weakens growth and sparks a recession — but everything has to go wrong first.

From MarketWatch

“Our read is that, to have a real credit crisis, you probably need a recession,” said Chang, adding that defaults tend to be higher in a recessionary environment.

From MarketWatch

Hiring remains uneven, but layoffs are low and jobless claims are far from flashing recession signals.

From Barron's

Often this sector contracts only at the onset of a recession, but declines are sharp.

From MarketWatch

Related Words

• bankruptcy
• collapse
• decline
• deflation
• downturn
• hard times
• inflation
• shakeout
• slide
• slump
• stagnation
• unemployment