English · Work & Business
recession
/rɪˈseʃ.ən/
[/rɪˈseʃ.ən/]
economic decline
Advancednoun
Definition
A period of temporary economic decline marked by reduced trade and rising unemployment.
Example
Many small businesses struggled to survive during the long recession that followed the crisis.
Many small businesses struggled to survive during the long recession that followed the crisis.
Etymology
From Latin 'recessio' (a going back), from 'recedere' (to recede).
How & Where It’s Used
Used in economics, finance, and political discussion.