recession

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Related to Economic downturn: economic crisis

recession:

see depressiondepression,
in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a high level of unemployment.
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recession

a period of lower than average economic growth.

recession

[ri′sesh·ən]
(geology)
The backward movement, or retreat, of an eroded escarpment.
A continuing landward movement of a shoreline or beach undergoing erosion. Also known as retrogression.
The withdrawal of a body of water (as a sea or lake), thereby exposing formerly submerged areas.
(hydrology)
The gradual upstream retreat of a waterfall.

recession

1. Economics a temporary depression in economic activity or prosperity
2. Religion the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service
References in periodicals archive ?
Whilst previous economic downturns have been weathered, the current market is one of the worst experienced for many years with no upturn forecast for at least 12 to 18 months.
The periods of economic downturn identified are: December 1981 to March 1982; March 1983 to June 1983; September 1989 to December 1989; December 1990 to June 1991; September 2000 to December 2000; and December 2008 to March 2009.
In September the company reported a net loss of HK$91 million for the six months ended 30 June 2009, as compared to a net profit in the same period of 2008, mainly due to significant decline in selling prices and sales volume amid the global economic downturn since the second half of 2008.
Merseyside police Chief Constable Bernard Hogan-Howe said: "I understand that the economic downturn is having an adverse effect on many businesses but arson with the intent of gaining through false insurance claims is not a way out.
New Delhi, February 15 (ANI): Tony Clement, Canadian Industry Minister met his Indian counterpart Trade and Industry Minister Kamal Nath in New Delhi on Sunday and discussed economic downturn and its impact on bilateral trade.
Mitsubishi are just the latest in a long line of Japanese firms to scale back their motorsport commitments since the beginning of the economic downturn.
Not only will this investment help us get through the economic downturn, it will also ensure we have more skilled workers for the future so our area can benefit from the upturn.
A study by think-tank the Tenon Forum showed most small and medium sized company managers believed the economic downturn has had a negative impact on their business.
GAO's simulation model to help states respond to these circumstances is based on assumptions under which the existing Medicaid formula would remain unchanged and add a new, separate assistance formula that would operate only during times of economic downturn.
Lord Mandelson is under orders to review any policies which could hamper businesses as they struggle against the economic downturn.
The governor of the bank, Zeti Akhtar Aziz, said, 'What is very vital is that the economy should not be allowed to slip into a sharp economic downturn.
For example, an economic downturn might bring to a nonprofit's door a very talented, motivated, college-graduating job applicant who in more prosperous times might have channeled his or her career into the generally more lucrative private sector.

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