Recession

Recession
Recession Re*ces"sion (r[-e]*s[e^]sh"[u^]n), n. [L. recessio, fr. recedere, recessum. See {Recede}.] 1. The act of receding or withdrawing, as from a place, a claim, or a demand. --South. [1913 Webster]

Mercy may rejoice upon the recessions of justice. --Jer. Taylor. [1913 Webster]

2. (Economics) A period during which economic activity, as measured by gross domestic product, declines for at least two quarters in a row in a specific country. If the decline is severe and long, such as greater than ten percent, it may be termed a {depression}. [PJC]

3. A procession in which people leave a ceremony, such as at a religious service. [PJC]


The Collaborative International Dictionary of English. 2000.

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  • RÉCESSION — Le terme de récession désigne un certain type de conjoncture. Il caractérise, dans le mouvement général de l’activité économique, une phase de ralentissement succédant à une phase d’expansion. À la différence de la dépression, la récession… …   Encyclopédie Universelle

  • Recession — Récession Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • Recession — Re*ces sion, n. [Pref. re + cession.] The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign. [1913 Webster] …   The Collaborative International Dictionary of English

  • recession — (n.) temporary decline in economic activity, 1929, noun of action from RECESS (Cf. recess) (q.v.): The material prosperity of the United States is too firmly based, in our opinion, for a revival in industrial activity even if we have to face an… …   Etymology dictionary

  • recession — index capitulation, decline, erosion, outflow Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • recession — [n] reversal of action; reduction of business activity bad times*, bankruptcy, big trouble*, bottom out*, bust, collapse, decline, deflation, depression, downturn, hard times*, inflation, rainy days*, shakeout*, slide, slump, stagnation,… …   New thesaurus

  • recession — ► NOUN ▪ a temporary economic decline during which trade and industrial activity are reduced. DERIVATIVES recessionary adjective …   English terms dictionary

  • recession — recession1 [ri sesh′ən] n. [L recessio < pp. of recedere: see RECEDE1] 1. a going back or receding; withdrawal 2. a procession leaving a place of assembly 3. a receding part, as of a wall 4. Econ. a temporary falling off of business activity… …   English World dictionary

  • Recession — This article is about a slowdown in economic activity. For other uses, see Recession (disambiguation). Economics …   Wikipedia

  • recession — noun ADJECTIVE ▪ bad, deep, major, serious, severe, sharp, steep ▪ It was the worst recession since the war. ▪ …   Collocations dictionary

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