Recession Meaning

/ɹɪˈsɛʃn̩/
C1

Definition, CEFR level C1, pronunciation, examples, and quiz.

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nounThe act or an instance of receding or withdrawing.

nounA period of low temperatures that causes a reduction in species; ice age.

He argued that the new policy was bound to drive the economy into recession.
This increase in unemployment is a consequence of the recession.
How do you assess the impact of the current recession on manufacturing?
Synonyms:
Antonyms:
None
CEFR Practice Quiz
During the economic ____, the country faced high unemployment and low spending.
CEFR Practice Quiz (Alternate)
The global ____ of 2008 led to widespread unemployment and a sharp decline in consumer spending.

Borrowed from Latin recessiō, from recēdō (“recede, retreat”), from re- (“back”) + cēdō (“to go”). By surface analysis, recess + -ion.

"[…]that light may break forth from the deepest enclosures of darkness, and mercy may rejoice upon the recessions of justice, and grace may triumph upon the ruin of sin, and God may be glorified in the miracles of our conversion, and the wonders of our preservation and glories of our being saved." — a. 1667, Jeremy Taylor, “Of Growth in Sin”, in The Whole Works of the Right Rev. Jeremy Taylor, new edition, volume IV, London: Longman et al., published 1850, page 520:
"Eastward in Bosnia, while the central European clime prevails, the thermic gradient does not follow the recession in the north latitude, but the elevation of the terrain." — 1955, A History of the Croatian People from Their Arrival on the Shores of the Adriatic to the Present Day, page 4:
"Had this climate recession not occurred, the settlements might have provided the first real bridgehead into the continent of America, rather than being rediscovered by Columbus and later by Cabot." — 2004, Wayne Kenneth David Davies, Writing Geographical Exploration, page 96:
"The climatic recession which produced Britain's last glaciers came rapidly to an end about 10,000 bp, as temperatures rose during the end of the protocratic phase of the present interglacial." — 2019, Peter Vincent, The Biogeography of the British Isles: An Introduction, page 209:
"In past recessions, drugstores were virtually immune from a turndown." — 2009 January 3, Amy Zipkin, “Drugstores, Too, Feel Recession Pain”, in The New York Times, archived from the original on 26 Nov 2022:

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CEFR Practice Quiz
During the economic ____, the country faced high unemployment and low spending.
CEFR Practice Quiz (Alternate)
The global ____ of 2008 led to widespread unemployment and a sharp decline in consumer spending.

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