Recession - definition, pronunciation, transcription

Amer.  |rɪˈseʃn|  American pronunciation of the word recession
Brit.  |rɪˈsɛʃ(ə)n|  British pronunciation of the word recession

noun

- the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
- a small concavity (syn: corner, niche, recess)
- the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service (syn: recessional)
- the act of ceding back
- the act of becoming more distant (syn: receding)

Examples

There is deep recession in the UK.

the economic recession of the early 1980s

attempts to pull the country out of recession

The American economy is recovering as Europe's goes into recession.

The economy will begin to pull out of recession in the second quarter.

The government is trying to allay fears of a recession.

The company survived the recession.

The economic recession gave lawmakers a convenient pretext for passing the bill.

the economy's emergence from a recession

High interest rates were prolonging the recession.

Real estate prices slumped during the recession.

Economic forces converged to bring the country out of a recession.

Economists worry that deflation will bring the country into recession.

...the hope that the housing slump does not harbinger a general economic recession...

...with this recession going on, workers shouldn't be expecting fatter pay envelopes...

Word forms

noun
singular: recession
plural: recessions
See also:  WebsterWiktionaryLongman