recession

¹

[ri-sesh-uhn]

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.

recession

²

[ree-sesh-uhn]

noun

1. a return of ownership to a former possessor.

recession

¹

/ 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

recession

²

/ riːˈsɛʃən /

noun

1. the act of restoring possession to a former owner

recession

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

Word History and Origins

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

Word History and Origins

Origin of recession¹

C17: from Latin recessio ; see _recess

Origin of recession²

C19: from _re- + _cession

Example Sentences

In June, Russia's Minister for Economic Development, Maxim Reshetnikov, warned that the country's economy was teetering "on the brink of recession".

From BBC

The party has decided to embark on a blitz of policy announcements, after a year in which they have endured a recession in attention amid the boom in interest in Reform.

From BBC

Tech companies are cutting jobs in preparation for a possible recession, as well as anticipating efficiencies gained from artificial intelligence, said Rob Enderle, principal analyst at Oregon-based advisory services firm Enderle Group.

From Los Angeles Times

Behind Roberts' clear frustrations, however, is a sense of motivation and optimism for the future, despite his expectation that the country is heading towards an economic recession.

From BBC

Economists are warning about a severe recession and “stagflation.”

From Salon

Related Words

• bankruptcy 
• collapse 
• decline 
• deflation 
• downturn 
• hard times www.thesaurus.com
• inflation 
• shakeout 
• slide 
• slump 
• stagnation 
• unemployment