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.

recession

²

[ree-sesh-uhn]

noun

1. a return of ownership to a former possessor.

recession

¹

/ 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

²

/ riːˈsɛʃən /

noun

1. the act of restoring possession to a former owner

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

C17: from Latin recessio ; see _recess

Origin of recession²

C19: from _re- + _cession

Example Sentences

In recent years, investors have been nervous that elevated interest rates could push the economy into a recession.

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The same might be said for the U.S., where investments in artificial intelligence have “kept the economy out of a recession,” according to James Egelhof, chief U.S. economist at BNP Paribas.

Read more on Barron's

Russian officials have openly cautioned about the risks of a recession, as producers of goods from tractors to furniture scale back.

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Keep in mind that not all recessions are created equal either.

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More troubling, a big increase in the global demand for gold could cause unexpected deflation—even a recession, they say.

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Related Words

• bankruptcy 
• collapse 
• decline 
• deflation 
• downturn 
• hard times www.thesaurus.com
• inflation 
• shakeout 
• slide 
• slump 
• stagnation 
• unemployment