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 ?
The recession certainly elevated the average employment loss associated with a given level of contraction in GDP (the slope of the line with the last episode is steeper than the line without).
The nature of your services will have a lot to do with how you handle the next recession.
The Great Recession disproportionately affected household wealth, unemployment rates, and health insurance coverage of minorities.
The solid black circles show the observations pertaining to the Great Recession and the follow-up recovery.
Some other important indicators related to jobs and consumer confidence are not yet clearly pointing towards a recession.
While the literature on recession probabilities is extensive, very little has been written about forecasting other periods of economic activity.
The depth and persistence of the latest recession brought states to that place in 2009, and its lingering aftermath could conceivably return them there in 2011.
The study also found a dramatic increase in the number of households classified as "food insecure" during this recession.
the economy would be a new recession and not a continuation of the recession
The survey, conducted online from June 11-15, 2010 by Harris Interactive, looked at consumers' attitudes toward the recession and how consumer behavior has changed due to the financial crisis.
Despite these major shocks, the recession was brief
To understand why that is so, we need to first understand why this recession--dubbed the Great Recession by some--has been so different from other downturns in recent experience.