Recession

/ɹɪsˈɛʃən/

/ˌɹiˈsɛʃən/, /ɹɪˈsɛʃən/

Recession

a period of economic decline marked by a rise in unemployment and the fall in the GDP

the act of becoming more distant

synonyms : receding

the act of ceding back

the withdrawal of the clergy and choir from the chancel to the vestry at the end of a church service

a small concavity

synonyms : corner

Examples

1. No city has escaped the recession, but Seattle has fared best by a long shot.

2. Many more businesses are feeling the chill wind of the recession.

3. During the recession, many families had to tighten their belts and cut back on unnecessary expenses.

4. Before the recession, the country was on the pig's back, but the situation has changed greatly.