recession

noun
UK: /rɪˈseʃ.ən/
US: /rɪˈseʃ.ən/

  1. A period when the economy is doing badly, and there is less trade and business activity.

    1. The country is now in recession.
    2. Many businesses suffer during an economic recession because people spend less money.

  2. A temporary decline in economic activity or prosperity.

    1. The 2008 recession caused many job losses.
    2. Government policies aim to prevent a severe recession by stimulating demand.

Synonyms

downturn slump decline contraction

Frequently Asked Questions

The word "recession" in English means: A period when the economy is doing badly, and there is less trade and business activity., A temporary decline in economic activity or prosperity..

The phonetic transcription of "recession" is /rɪˈseʃ.ən/ in British English and /rɪˈseʃ.ən/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "recession": downturn, slump, decline, contraction.

Example usage of "recession": "The country is now in recession.". More examples on the page.