Recession: meaning, definitions and examples
๐
recession
[ rษชหsษสษn ]
economic downturn
A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Synonyms
depression, economic downturn, slump
Examples of usage
- The recession of 2008 was caused by the subprime mortgage crisis.
- Many businesses struggled to survive during the recession.
- The government implemented various measures to combat the effects of the recession.
general decline
A recession can also refer to a general decline in something, such as a reduction in the number or quality of something.
Synonyms
Examples of usage
- There has been a recession in the quality of customer service at this company.
- The neighborhood experienced a recession in property values.
Translations
Translations of the word "recession" in other languages:
๐ต๐น recessรฃo
๐ฎ๐ณ เคฎเคเคฆเฅ
๐ฉ๐ช Rezession
๐ฎ๐ฉ resesi
๐บ๐ฆ ัะตัะตััั
๐ต๐ฑ recesja
๐ฏ๐ต ๆฏๆฐๅพ้ (ใใใใใใใ)
๐ซ๐ท rรฉcession
๐ช๐ธ recesiรณn
๐น๐ท durgunluk
๐ฐ๐ท ๋ถํฉ (bulhwang)
๐ธ๐ฆ ุฑููุฏ ุงูุชุตุงุฏู
๐จ๐ฟ recese
๐ธ๐ฐ recesia
๐จ๐ณ ็ปๆต่กฐ้ (jฤซngjรฌ shuฤituรฌ)
๐ธ๐ฎ recesija
๐ฎ๐ธ samdrรกttur
๐ฐ๐ฟ ัะตัะตััะธั
๐ฌ๐ช แ แแชแแกแแ
๐ฆ๐ฟ resessiya
๐ฒ๐ฝ recesiรณn
Word origin
The term 'recession' originated from the Latin word 'recessus', which means 'withdrawal' or 'retirement'. It was first used in the context of economics in the early 20th century to describe a temporary economic decline. The concept of recessions has been studied extensively by economists to understand the causes and effects of these periods of negative economic growth.