The definition of 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
Origin: L recessio < pp. of recedere: see recede
Origin: re- + cession
See recession in American Heritage Dictionary 4
Origin: Latin recessiō, recessiōn-
Origin: , from recessus
Origin: , past participle of recēdere, to recede; see recede1.
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