recession - definition and synonyms

 
 
noun [countable/uncountable] economics 

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/rɪˈseʃ(ə)n/
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.

derived word