recession

1 of 2

noun (1)

re·​ces·​sion ri-ˈse-shən 

plural recessions

1

: the act or action of receding : withdrawal

the recession of floodwaters

The exposed roots of teeth, commonly caused by gum recession, can be protected by using a composite resin in combination with an adhesive resin.

—American Dental Association

2

economics : a period of significantly reduced general economic activity that is marked especially by declines in employment and production and that lasts more than a few months

The country is in a recession.

a period of economic recession

The spurt of economic growth that usually follows recessions isn't in sight this time.

—David Wessel

compare depression sense 2a

3

: a departing procession (as of clergy and choir at the end of a church service)

recessionary

ri-ˈse-shə-ˌner-ē 

adjective

recession

2 of 2

noun (2)

re·​ces·​sion (ˌ)rē-ˈse-shən 

: the act of ceding back to a former possessor

Synonyms

Noun (1)

• depression
• slump

Examples of recession in a Sentence

Noun (1)

the country is just coming out of a recession, so expect to see fewer layoffs and more new jobs in the coming year

a retiring CEO making a gradual recession from the daily rigors of running a major corporation

Recent Examples on the Web

Noun

Adjusting buyback strategies BofA is expecting updates on capital ratios and share buybacks after the Fed’s annual stress test showed big banks might need even more capital buffers to cushion them in case of a severe recession or failure. —Rocio Fabbro, Quartz, 12 July 2024

That’s why some economists are pleading with the Fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the US economy into a recession. —Krystal Hur, CNN, 11 July 2024

On the other hand, recent data suggesting an economic slowdown heightens the risk of keeping interest rates too high for too long, since the borrowing costs could ultimately tip the economy into a recession. —Max Zahn, ABC News, 11 July 2024

Even as consumers start budgeting more, economic forecasters say there is still no sign of a recession. —Rob Wile, NBC News, 11 July 2024

Word History

Etymology

Noun (2)

re- + cession

First Known Use

Noun (1)

1630, in the meaning defined at sense 1

Noun (2)

1828, in the meaning defined above

Phrases Containing recession

• anti-recession
• pre-recession

Kids Definition

recession

noun

re·​ces·​sion

ri-ˈsesh-ən

1

: the act or fact of receding or withdrawing

2

: a group of individuals departing in an orderly often ceremonial way

3

: a downward turn in business activity

also : the period of such a downward turn

Medical Definition

recession

noun

re·​ces·​sion ri-ˈsesh-ən 

: pathological withdrawal of tissue from its normal position

advanced gum recession