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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 decline, downturn, depression, slump, slowdown, trough, credit crunch, credit squeezeView synonyms
- ‘The economic impact of the energy crisis has been to aggravate a descent into recession.’
- ‘This obviously buoys the market in good times and smooths its falls in recessions.’
- ‘He says the economy is in recession after the worst third quarter growth figures in some 50 years.’
- ‘The country is in deep recession, yet the government has cut its spending by about 40 percent this year.’
- ‘Yes, consumer confidence has proved far more robust than in previous recessions.’
- ‘Compared to other post-war recessions, the downturn of 2001 is one of the shallowest on record.’
- ‘Even the opposition parties concede that Kim has done a good job in pulling the country out of recession.’
- ‘The average length of the last 10 recessions has been just under 11 months.’
- ‘In mid-2001, as recession hit, the stock market wobbled.’
- ‘The economy is entering its fourth recession in a decade, with no relief in sight.’
- ‘Economic recessions are predominantly the result of insufficient demand.’
- ‘In some ways, this recession has not been as hard on low-wage workers as earlier recessions.’
- ‘As political economists have always emphasised, periodic recessions are endemic to capitalism.’
- ‘The country is again sliding into recession at a time when policy makers have few options to revive growth.’
- ‘When recessions were a regular feature of the economic environment, they were often viewed as inevitable.’
- ‘Gold is the only mineral commodity which is expected to benefit from the current global economic recession.’
- ‘If we want to avert a very deep recession it is absolutely vital that these psychological factors are reversed.’
- ‘The country was gripped by recession and interest rates were soaring.’
- ‘Sales and profits increased annually even during the recession of the late 1980s and early 1990s.’
- ‘Figures released this week show US unemployment rising, as recession looms.’
- ‘And price wars typically break out during recessions as vendors battle for consumers.’
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.’
- ‘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.’
Mid 17th century: from Latin recessio(n-), from recess- ‘gone back’, from the verb recedere (see recede).
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