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recession

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noun [countable/uncountable] economics recession pronunciation in American English /rɪˈseʃ(ə)n/ 
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singularrecession
pluralrecessions

Related dictionary definitions

  1. a period when trade and industry are not successful and there is a lot of unemployment

    The economy was in recession.

    the recession in the construction industry

    As the recession deepened, the group folded.

derived word

recessionary

adjective

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chicken raffle

any random process, such as a competition in which a name is drawn from a hat

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