Recession meaning

rĭ-sĕshən
A going back or receding; withdrawal.
noun
3
0
A receding part, as of a wall.
noun
2
0
A ceding back, as to a former owner.
noun
2
0
The definition of a recession is a slow economic period where the gross domestic product declines and unemployment increases for two or more quarters.

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

noun
2
1
The fact or action of moving away or back, especially:
  • The erosion of a cliff or headland from a given point, as from the action of a waterfall.
  • The reduction of a glacier from a point of advancement.
  • The motion of celestial objects away from one another in an expanding universe.
noun
1
0
Advertisement
The period of economic decline from the peak to the trough of the business cycle, characterized by decreasing aggregate output and often by rising unemployment.
noun
0
0
The withdrawal in a line or file of participants in a ceremony, especially clerics and choir members after a church service.
noun
0
0
The restoration of property by a grantee back to the previous owner by means of a legal conveyance.
noun
0
0
A procession leaving a place of assembly.
noun
0
0
(econ.) A temporary falling off of business activity during a period when such activity has been generally increasing.
noun
0
0
Advertisement
A period of slow economic growth. Defined by economists as two consecutive quarters of negative gross domestic product.
0
0
The act or an instance of receding or withdrawing.
noun
0
0
A period of reduced economic activity.

Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.

noun
0
0
The ceremonial filing out of clergy and/or choir at the end of a church service.
noun
0
0

Origin of recession

  • Latin recessiō recessiōn- from recessus past participle of recēdere to recede recede1

    From American Heritage Dictionary of the English Language, 5th Edition

  • Recorded since 1929, from recess + -ion, from Latin recessus (“a going back, retreat"), from recessum, the past participle of recedere (“to recede"), from re- (“back") + cedere (“to go")

    From Wiktionary