Meaning of recession in English

recession

noun [ C or U ]

/rɪˈseʃ.ən/ us

/rɪˈseʃ.ən/

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a period when the economy of a country is not successful and conditions for business are bad:

The country is sliding into the depths of (a) recession.

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A lot of companies have been adversely affected by the recession.
For the second time in ten years, the government has driven the economy into deep and damaging recession.
Demand for new cars has fallen due to the recession.
Until recently the country's economy has been insulated from recession by its reserves of raw materials.
The recession has led to many small businesses going bankrupt.

SMART Vocabulary: related words and phrases

Economics

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(Definition of recession from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

recession | American Dictionary

recession

noun [ C/U ]

/rɪˈseʃ·ən/

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social studies

a period when the economy of a country is not doing well, industrial production and business activity are at a low level, and there are many people unemployed:

[ U ] The country is mired in recession.

[ C ] The Japanese economy is experiencing its worst recession in 20 years.

(Definition of recession from the Cambridge Academic Content Dictionary © Cambridge University Press)

recession | Business English

recession

noun [ C or U ]

/rɪˈseʃən/ us

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ECONOMICS

a period, usually at least six months, of low economic activity, when investments lose value, businesses fail, and unemployment rises:

The experts predicted recession in the coal industry.

The retail sector is now in recession.

a deep/shallow/mild depression

enter/fall into/slide into (a) recession The economy has entered a deep recession.

recover from/pull out of (a) recession The industry is recovering fast from what has proved to be a mild recession.

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depression

Examples of recession

recession

At its most elementary, the automated mode merely distributes the sound among loudspeakers with limited, or no, attention to recession of the image.

From the Cambridge English Corpus

Growing economies, particularly if growth is investment-led, have better conditions to save than those in recession, given that economic growth raises the level of income.

From the Cambridge English Corpus

This strong appreciation of the domestic currency is found to lead to a severe recession in the domestic economy in the short run.

From the Cambridge English Corpus

When it comes to social assistance, we lack data for the time before the recession but have data for years 1992, 1995 and 1997.

From the Cambridge English Corpus

For example, events such as a war or an economic recession often figure prominently in campaign agendas.

From the Cambridge English Corpus

Vacillation and procrastination, out of fears of recession or otherwise, would run grave risks.

From the Cambridge English Corpus

Like those companies most fearful of recession, all of these companies are on average loss makers.

From the Cambridge English Corpus

It is unlikely that this percentage will be higher among unemployed former recipients in future recessions.

From the Cambridge English Corpus

In contrast, producers attempt to protect their profit markup during recessions, as evidenced by the larger output price inflation relative to nominal wage inflation.

From the Cambridge English Corpus

This was the only time in the sample that an economic slowdown outlived the end of a recession.

From the Cambridge English Corpus

Economic recession between 1873 and 1893 produced a number of the most vivid and memorable episodes 34.

From the Cambridge English Corpus

First, the timing of policy was important for moderating the recession and promoting recovery.

From the Cambridge English Corpus

It appears, therefore, that attempts to lower the cost of labor during recessions decrease workers' real standard of living without moderating output contraction across industries.

From the Cambridge English Corpus

Ominous forecasts about our graying population and the next recession.

From the Cambridge English Corpus

In particular, around the beginning of recessions, volatility rises considerably, whereas expected return falls, anticipating a decrease in earnings.

From the Cambridge English Corpus

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.

Collocations with recession

recession

These are words often used in combination with recession.

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current recession

The analysis finds companies must be adopting one of the four views on the current recession debate.

From the Cambridge English Corpus

deep recession

The resulting deep recession has produced an unemployment "excess" (over the natural rate) of over 2 million.

From the Cambridge English Corpus

deepening recession

With increasing unemployment, continuing inflation and a deepening recession the living standards of many old people remain below the state's poverty line - the supplementary benefit rate appropriate to each family.

From the Cambridge English Corpus

See all collocations with recession

What is the pronunciation of recession?

Translations of recession

in Chinese (Traditional)

（經濟）衰退期…

Meaning of recession in English

recession | American Dictionary

recession | Business English

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See also

Examples of recession

Collocations with recession

recession

Translations of recession

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