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.
Since the onset of the global economic downturn, they have seen their workload increase considerably as people have grappled with difficulties faced through job losses and generally in making ends meet.
The decline has been attributed to a slowdown in the sales order and price of the group's products especially in the first half of 2009 brought about by the global economic downturn.
The sessions, titled "Cooperatives in Troubled Times," included a Webinar on how credit unions are helping members manage the economic downturn and build savings.
It found that online retailers responded to the economic downturn in a number of ways, often simultaneously.
to face a protracted economic downturn this year, and the EUR/GBP may continue.
Stratford District Council has received pounds 50,000 from the Department for Communities and Local Government to help support small local firms during the economic downturn.
The Flare Team is one of the first of its kind in the country and is being run by dedicated officers to investigate and prevent insurance fraud in the light of the economic downturn.
A survey by the Association of Chartered Certified Accountants (ACCA) and research company CPRI Group finds that as a result of the current global economic downturn, businesses will find it tougher to raise finances, be less likely to give credit and will place greater demands on qualified accountants in five years' time.
Summary: 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 have confirmed the withdrawal of its works team from all cross-country motorsport events, including the Dakar Rally, due to the global economic downturn.

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