recession

A recession is a slow economic period where the gross domestic product declines and unemployment increases for two or more quarters. (noun)

A period of reduced production and unemployment is an example of a recession.

See recession in Webster's New World College Dictionary

noun

a going back or receding; withdrawal
a procession leaving a place of assembly
a receding part, as of a wall
Econ. a temporary falling off of business activity during a period when such activity has been generally increasing

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noun

a ceding back, as to a former owner

See recession in American Heritage Dictionary 4

(rĭ-sĕshˈən)

noun

The act of withdrawing or going back.
An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.
The withdrawal in a line or file of participants in a ceremony, especially clerics and choir members after a church service.

Related Forms: