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recession

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noun [countable/uncountable] economics British English pronunciation: recession /rɪˈseʃ(ə)n/ 
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singularrecession
pluralrecessions
  1. a period when trade and industry are not successful and there is a lot of unemployment

    the recession in the building industry

    The economy was in recession.

    As the recession deepened, the group folded.

    Thesaurus entry for this meaning of  recessionThesaurus entry for this meaning of recession

derived word

recessionary

adjective

This is the British English definition of recession. View American English definition of recession.

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