What does recession mean?

Definitions for recession
rɪˈsɛʃ ənre·ces·sion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word recession.

Princeton's WordNet

  1. recessionnoun

    the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year

  2. recess, recession, niche, cornernoun

    a small concavity

  3. recession, recessionalnoun

    the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service

  4. recession, ceding backnoun

    the act of ceding back

  5. receding, recessionnoun

    the act of becoming more distant

GCIDE

  1. Recessionnoun

    (Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a depression.

  2. Recessionnoun

    A procession in which people leave a ceremony, such as at a religious service.

Wiktionary

  1. recessionnoun

    The act or an instance of receding

  2. recessionnoun

    A period of reduced economic activity

    Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.

  3. recessionnoun

    The ceremonial filing out of clergy and/or choir at the end of a church service.

  4. Etymology: Recorded since 1929, from recess + -ion, from recessus, from recessum, the past participle of recedere, from re- + cedere

Samuel Johnson's Dictionary

  1. Recessionnoun

    The act of retreating.

    Etymology: recessio, Lat.

Wikipedia

  1. Recession

    In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters.Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasing interest rates or increasing government spending and decreasing taxation.

ChatGPT

  1. recession

    A recession is a significant decline or downturn in economic activity that lasts for an extended period of time, typically characterized by high unemployment rates, a fall in Gross Domestic Product (GDP), reduced consumer spending, and a drop in the stock market. It is generally recognized when an economy suffers two consecutive quarters of negative GDP growth.

Webster Dictionary

  1. Recessionnoun

    the act of receding or withdrawing, as from a place, a claim, or a demand

  2. Recessionnoun

    the act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign

  3. Etymology: [Pref. re- + cession.]

Wikidata

  1. Recession

    In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

Chambers 20th Century Dictionary

  1. Recession

    rē-sesh′un, n. act of receding: withdrawal: the state of being set back.—adjs. Reces′sional; Recess′ive.—adv. Recess′ively.—n. Recess′us, a recess.

  2. Recession

    rē-sesh′un, n. a ceding or giving back.

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'recession' in Spoken Corpus Frequency: #2728

  2. Written Corpus Frequency

    Rank popularity for the word 'recession' in Written Corpus Frequency: #2825

  3. Nouns Frequency

    Rank popularity for the word 'recession' in Nouns Frequency: #1139

How to pronounce recession?

How to say recession in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of recession in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of recession in Pythagorean Numerology is: 8

Examples of recession in a Sentence

  1. Mark Zandi:

    The harder the Fed steps on the brakes, the higher the probability the car seizes up and the economy goes into recession.

  2. Richard Fairbank:

    Obviously, the economy is something of a wild card, perhaps the consumer economy is doing okay, but there is a depression in the energy economy and it feels like there is a general malaise if not a recession looming in the industrial and manufacturing economies.

  3. Phil Orlando:

    It is inconceivable to us, with $3.65 trillion in foreign currency reserves, the Chinese government and the PBOC would sit there and watch the second-largest economy in the world slide into recession or worse, i don't know if we're completely out of the woods at this point.

  4. Harry S Truman:

    It's a recession when your neighbor loses his job it's a depression when you lose yours.

  5. Barack Obama:

    We have risen from recession freer to write our own future than any other nation on Earth, it's now up to us to choose who we want to be over the next 15 years, and for decades to come.

Popularity rank by frequency of use

recession#10000#19772#100000

Translations for recession

From our Multilingual Translation Dictionary

Get even more translations for recession »

Translation

Find a translation for the recession definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"recession." Definitions.net. STANDS4 LLC, 2024. Web. 3 Mar. 2024. <https://www.definitions.net/definition/recession>.

Discuss these recession definitions with the community:

0 Comments

    Are we missing a good definition for recession? Don't keep it to yourself...

    Image or illustration of

    recession

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    an almost pleasurable sensation of fright
    • A. whitewash
    • B. tingle
    • C. concoction
    • D. jab

    Nearby & related entries:

    Alternative searches for recession: