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

Cable channels have long been a key economic pillar by generating billions of dollars in cable distribution fees that more than covered up the misses when big-budget movies flopped or during advertising recessions.

From Los Angeles Times

Some experts have said they don’t expect home prices to decline in the near future unless there’s a recession.

From Los Angeles Times

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

Related Words

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