Noun: recession ri'se-shun
- A period of temporary economic decline, generally identified by a fall in GDP in two successive quarters
"The country entered a recession, with rising unemployment and falling consumer spending"
- The act of becoming more distant
"The recession of the tide left shells on the beach"
- A small concavity
"The statue was placed in a recession in the wall";
- recess, niche, corner
- The withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service
"The congregation stood as the recession began"
Derived forms: recessions
Type of: concave shape, concavity, economic condition, incurvation, incurvature, procession, withdrawal
Encyclopedia: Recession