recession

¹

[ ri-sesh-uhn ]

noun

1. the act of receding recede or withdrawing.
2. a receding recede part of a wall, building, etc.
3. a withdrawing procession, as at the end of a religious service.
4. Economics. a period of an economic contraction, sometimes limited in scope or duration. Compare depression ( def 7 ).

recession

²

[ ree-sesh-uhn ]

noun

1. a return of ownership to a former possessor.

recession

¹

/ riːˈsɛʃən /

noun

1. the act of restoring possession to a former owner

recession

²

/ rɪˈsɛʃən /

noun

1. a temporary depression in economic activity or prosperity
2. the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service
3. the act of receding
4. a part of a building, wall, etc, that recedes

recession

1. A general business slump, less severe than a depression .

Word History and Origins

Origin of recession¹

First recorded in 1640–50, recession is from the Latin word recessiōn- (stem of recessiō ). See recess, -ion

Origin of recession²

First recorded in 1885–90; re- + cession

Word History and Origins

Origin of recession¹

C19: from re- + cession

Origin of recession²

C17: from Latin recessio ; see recess

Example Sentences

Mexico’s economy — driven almost exclusively by trade, with more than 80% of exports sent north of the border — is already on the brink of recession after years of sluggish growth, said Moreno-Brid.

From Los Angeles Times

Gage noted that the department had faced a staffing shortage since the 2009 recession, but emphasized that basic standards of care were required by law.

From Los Angeles Times

This is half funded by one of the biggest tax raising budgets outside of a recession and half by a significant increase in borrowing.

From BBC

Most people entered the sharp but brief pandemic recession in 2020 in good financial shape.

From Los Angeles Times

A recent report from Moody’s Analytics said that if a victorious Trump enacted new tariffs, the Mexican economy would fall into recession, the currency would depreciate, and inflation would rise.

From Los Angeles Times

Related Words

• bankruptcy
• collapse
• decline
• deflation
• downturn
• hard times
• inflation
• shakeout
• slide
• slump
• stagnation
• unemployment