'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
A small concavity [syn: recess, recession, niche, corner]
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