recession Definition
- 1a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
- 2a period when the economy of a country is not successful and conditions for business are bad
Using recession: Examples
Take a moment to familiarize yourself with how "recession" can be used in various situations through the following examples!
Example
The country is in a deep recession.
Example
The government is taking measures to prevent a recession.
Example
The recession has hit the manufacturing sector particularly hard.
recession Synonyms and Antonyms
Synonyms for recession
- depression
- slump
- downturn
- slowdown
- economic decline
Antonyms for recession
Phrases with recession
Example
The global recession of 2008 had a significant impact on many countries.
double-dip recession
a recession in which there is a short-lived recovery followed by another period of decline
Example
The double-dip recession of the early 1980s was a difficult time for many businesses.
recession-proof
refers to an industry or business that is not affected by economic downturns
Example
The healthcare industry is often considered recession-proof because people still need medical care even during tough economic times.
Origins of recession
from Latin 'recessus', meaning 'withdrawal'
Summary: recession in Brief
A 'recession' [rɪˈseʃn] is a temporary economic decline characterized by reduced trade and industrial activity. It is typically identified by a fall in GDP in two successive quarters. The term can also refer to a period of poor business conditions. Examples include 'The country is in a deep recession.' and 'The recession has hit the manufacturing sector particularly hard.' Phrases like 'global recession' and 'double-dip recession' describe specific types of recessions.
