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Recession

rɪˈsɛʃn

Recession definitions

noun

Inflections:

recession recessions

a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters

"the country is in the depths of a recession"

Synonyms:
economic decline downturn depression slump slowdown trough credit crunch credit squeeze
the action of receding; motion away from an observer