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 ?
Pre-provision income levels have contracted significantly for many banks, affected by low interest rates, growing non-earning assets, deleveraging of the private sector, as well as the recessionary economy.
Little, Little, and Coffee (3) suggest that retail firms pursuing a differentiation strategy are not more likely to achieve a higher return on net operating assets than those firms pursuing a cost leadership strategy in a recessionary period.
Among the race and ethnic groups, blacks and Hispanics were more adversely affected by the recessionary period in the early 1980's than were whites.
During a recessionary period, you'll also hear more about cost and expense controls.
Recessionary implications: The significance of these developments in the service sector is that they are ongoing, not cyclical.
Alan Greenspan, chairman of the Federal Reserve Bank has indicated that the domestic economy is starting to positively move away from it recessionary period.
In less than two years, Meli Borrelli Associates has experienced tremendous growth and rapid acceptance because its ability to control costs proved timely for clients in a recessionary era," said Meli.