'Recession' definitions:
Definition of 'recession'
From: WordNet
noun
The state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
noun
noun
The withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service [syn: recession, recessional]
noun
The act of ceding back [syn: recession, ceding back]
noun
The act of becoming more distant [syn: receding, recession]
Definition of 'Recession'
From: GCIDE
- 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]
Definition of 'Recession'
From: GCIDE
- 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]
Synonyms of 'recession'
From: Moby Thesaurus
- abandonment,
- alcove,
- backset,
- backsliding,
- backward motion,
- backward step,
- bad times,
- bay,
- boom,
- bottoming out,
- business cycle,
- business fluctuations,
- bust,
- capitulation,
- cession,
- cooling off,
- corner,
- cove,
- crisis,
- decline,
- depression,
- dip,
- downturn,
- economic cycle,
- economic expansion,
- economic growth,
- economic stagnation,
- evil day,
- expanding economy,
- expansion,
- giving in,
- giving over,
- giving up,
- growth,
- hard times,
- heavy weather,
- high growth rate,
- inglenook,
- lapse,
- low,
- market expansion,
- niche,
- nook,
- peak,
- peaking,
- pitchhole,
- prosperity,
- rainy day,
- reaction,
- recedence,
- recess,
- recidivation,
- recidivism,
- recovery,
- reentry,
- refluence,
- reflux,
- regress,
- regression,
- relapse,
- relinquishment,
- renunciation,
- retreat,
- retroaction,
- retrocession,
- retroflexion,
- retrogradation,
- retrogression,
- retrusion,
- return,
- rollback,
- sad times,
- setback,
- slowdown,
- slump,
- stagnation,
- sternway,
- stormy weather,
- surrender,
- throwback,
- upturn