Recession | Mean of recession in English Dictionary

/rɪˈsɛʃən/

• Noun
• a period of time in which there is a decrease in economic activity and many people do not have jobs
1. Many people lost their jobs during the recent recession.
2. an economic recession
3. The economy is in deep recession.
4. The President helped pull the country out of recession.
• the act of moving back or away slowly
1. the recession of the floodwaters