Definition of recession in English:

recession

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’
    • ‘Sales and profits increased annually even during the recession of the late 1980s and early 1990s.’
    • ‘Yes, consumer confidence has proved far more robust than in previous recessions.’
    • ‘The country is in deep recession, yet the government has cut its spending by about 40 percent this year.’
    • ‘Even the opposition parties concede that Kim has done a good job in pulling the country out of recession.’
    • ‘When recessions were a regular feature of the economic environment, they were often viewed as inevitable.’
    • ‘He says the economy is in recession after the worst third quarter growth figures in some 50 years.’
    • ‘This obviously buoys the market in good times and smooths its falls in recessions.’
    • ‘The country is again sliding into recession at a time when policy makers have few options to revive growth.’
    • ‘The economic impact of the energy crisis has been to aggravate a descent into recession.’
    • ‘The average length of the last 10 recessions has been just under 11 months.’
    • ‘Figures released this week show US unemployment rising, as recession looms.’
    • ‘The country was gripped by recession and interest rates were soaring.’
    • ‘And price wars typically break out during recessions as vendors battle for consumers.’
    • ‘Compared to other post-war recessions, the downturn of 2001 is one of the shallowest on record.’
    • ‘As political economists have always emphasised, periodic recessions are endemic to capitalism.’
    • ‘Gold is the only mineral commodity which is expected to benefit from the current global economic recession.’
    • ‘In mid-2001, as recession hit, the stock market wobbled.’
    • ‘In some ways, this recession has not been as hard on low-wage workers as earlier recessions.’
    • ‘If we want to avert a very deep recession it is absolutely vital that these psychological factors are reversed.’
    • ‘Economic recessions are predominantly the result of insufficient demand.’
    • ‘The economy is entering its fourth recession in a decade, with no relief in sight.’
    economic decline, downturn, depression, slump, slowdown, trough, credit crunch, credit squeeze
    stagnation, stagflation
    hard times
    bust
    View synonyms
  • 2Astronomy
    [mass noun] The action of receding; motion away from an observer.

    • ‘The velocity of recession is proportional to the distance from us.’
    • ‘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 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.’

Origin

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

Pronunciation:

recession

/rɪˈsɛʃ(ə)n/