recession
/rɪˈsɛʃən/
noun
- A period of temporary economic decline during which trade and industrial activity are reduced, often marked by a drop in GDP and higher unemployment.
- The country entered a recession after two quarters of negative growth.
- Businesses often struggle to survive during a recession.
- Many people lost their jobs during the last recession.
- The action of receding; a movement backward or away from a previous position.
- The recession of the floodwaters revealed the damaged roads.
- The recession of the tide left shells on the beach.
- Scientists study the recession of glaciers due to climate change.