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Noun: recession  ri'se-shun
  1. 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"
     
  2. The act of becoming more distant
    "The recession of the tide left shells on the beach"
     
  3. A small concavity
    "The statue was placed in a recession in the wall";
    - recess, niche, corner
     
  4. 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