Meaning of the word recession in English

What does recession mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

recession

US /rɪˈseʃ.ən/
UK /rɪˈseʃ.ən/
"recession" picture

Noun

1.

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.

Example:
The country is currently experiencing a deep recession.
Many businesses struggle to survive during a recession.
2.

the action of receding; a movement back or away from a previous position.

Example:
The recession of the hairline is a common sign of aging.
The recession of the floodwaters revealed the damaged crops.
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