recession

Jobs being cut? Houses not selling? Everyone talking about the poor sales of everything from cars to bouquets of flowers? That's a recession, a time of economic decline.

Recession comes from the Latin word recessus, meaning "a going back, retreat." Think of all the things that get made and sold in a country. When fewer people buy things, orders for them slow down. The sales "go back" to a lower amount. This is an economic recession. This noun can also describe other kinds of "going back," like the recession of floodwaters that enable people to begin cleaning up their homes that had been filled with water.

Primary Meanings of recession

1.
n
the act of ceding back
2.
n
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
3.
n
a small concavity
Full Definitions of recession
1

n the act of ceding back

Synonyms:
ceding back
Type of:
ceding, cession
the act of ceding

n the act of becoming more distant

Synonyms:
receding
Type of:
withdrawal
the act of withdrawing

n the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service

Synonyms:
recessional
Type of:
procession
the group action of a collection of people or animals or vehicles moving ahead in more or less regular formation
2

n the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year

Type of:
economic condition
the condition of the economy
3

n a small concavity

Synonyms:
corner, niche, recess
Types:
pharyngeal recess
a small recess in the wall of the pharynx
Type of:
concave shape, concavity, incurvation, incurvature
a shape that curves or bends inward