recession

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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 ?
Therefore, when we simulate an economic recession that has a trough in 2009, we foresee most of the fall off in lodging industry performance to occur that same year.
declined in fiscal 1974 and 1980 due to the oil shock and in fiscal 1986 amid the economic recession from a strong yen.
The overall effect was a softening of the negative impact to this market from the economic recession to only a 4.
Since the United States for many centuries has witnessed normal business cycles, it is anticipated that an economic recession will occur sometime in the next decade.
The 2008-09 global economic recession, the first major recession since that caused by the oil shocks of the 1970s, brought a sudden trend reversal to the previous pattern of rising fertility rates in several highly developed countries, including Spain and the United States.
The proposed Valley and Hollywood cities will lack adequate financial protection against disaster, economic recession, and major public safety threats.
Long Island is faring better in these slow economic times than during the economic recession of the 1980s, due to a well-diversified economy, a highly-educated, prosperous workforce and a lack of speculative development.
Against the background of Japan's lingering economic recession and in a move aimed at coping with the severe management environment affecting the corrugated container business, Oji Paper has been studying the possibilities for restructuring the Oji Paper Group's business activities in this field.
5 million people, of whom 89% are Catholic, Nicaragua has had to face down economic recession and the devastating after-effects of 1998 hurricane Mitch.
LONDON--In these gloomy times of economic recession, the Royal Academy of Dancing (RAD), one of the world's largest ballet examining boards, has some bright news.
The downgrades reflect the company's subpar profitability due to high expenses relative to revenue generation and strong competitive pressures, continued asset quality problems due to the California economic recession and the uncertainty surrounding additional provisions, and charges for bulk nonperforming asset sales and cost- cutting measures.
The escalation of Iraq's civil war, increasing domestic political and social instability, and economic recession are likely to provoke strong lira depreciation and a sharp correction in domestic and external asset prices in 2007.

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