Recession

Definition of Recession

Re`ces´sion   Pronunciation: rė`sĕsh´ŭn
n.1.The act of receding or withdrawing, as from a place, a claim, or a demand.
Mercy may rejoice upon the recessions of justice.
- Jer. Taylor.
2.(Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.
3.A procession in which people leave a ceremony, such as at a religious service.
1.The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.

Related Words

abandonment, alcove, backset, backsliding, backward motion, backward step, bad times, bay, boom, bottoming out, business cycle, business fluctuations, bust, capitulation, cession, cooling off, corner, cove, crisis, decline, depression, dip, downturn, economic cycle, economic expansion, economic growth, economic stagnation, evil day, expanding economy, expansion, giving in, giving over, giving up, growth, hard times, heavy weather, high growth rate, inglenook, lapse, low, market expansion, niche, nook, peak, peaking, pitchhole, prosperity, rainy day, reaction, recedence, recess, recidivation, recidivism, recovery, reentry, refluence, reflux, regress, regression, relapse, relinquishment, renunciation, retreat, retroaction, retrocession, retroflexion, retrogradation, retrogression, retrusion, return, rollback, sad times, setback, slowdown, stagnation, sternway, stormy weather, surrender, throwback, upturn
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