Definitions for economic recession

This page provides all possible meanings and translations of the word economic recession

U.S. National Library of Medicine

  1. Economic Recession

    Significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production, and wholesale-retail sales. (National Bureau of Economic Research, Inc, www.nber.org/cycles.html, accessed 4/23/2009)

Sample Sentences & Example Usage

  1. Chief Executive Officer João Miranda:

    In the face of Brazil's economic recession, our diversified business and international presence become even more important to delivering consistent results.

  2. Astha Singhal:

    California used to provide comprehensive dental benefits for adults, during the recent economic recession they were looking for ways to cut costs and save money.

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