recession

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noun

Definition of RECESSION

1

a period of decreased economic activity <the country is just coming out of a recession, so expect to see fewer layoffs and more new jobs in the coming year>

Synonyms recession, slump

Related Words bust, crash, panic; stagnation; downbeat, downdraft, downswing, downtrend, downturn, slowdown

Near Antonyms development, growth; advancement, progress; rally, recovery

Antonyms boom

2

an act of moving away especially from something difficult, dangerous, or disagreeable <a retiring CEO making a gradual recession from the daily rigors of running a major corporation>

Synonyms pullback, pullout, recession, retirement, withdrawal

Related Words rout; flinch, recoil, revulsion, shrinking; disengagement, disentanglement

Antonyms advance, advancement